Derecognition rules, which govern how companies can remove items from their balance sheets, could lead to businesses distorting their true risk exposure
Proposed accounting rules could open the door to Lehmans-style off balance sheet trickery, investors and standard setters have warned.
The International Accounting Standards Board (IASB) is debating new rules on derecognition, which dictate when companies remove items from their balance sheets.
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