At its February 15, 2017, meeting, the FASB redeliberated its 2016 proposed Accounting Standards Update (ASU), Targeted Improvements to Accounting for Hedging Activities, and made tentative decisions about whether (1) an entity should be able to return to performing qualitative assessments of hedge effectiveness after having performed a quantitative assessment, either because of a change in facts and circumstances or to otherwise validate continued use of qualitative assessments, and (2) private companies should have additional time to prepare their hedge documentation.
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