Question 65. 65. Prior to FAS 133, where on the financial statements were deriva

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Question 65.65. Prior to FAS 133, where on the financial statements were derivatives reported? (Points : 1)        as contingent liabilities
       as goodwill
       as intangible assets
       nowhere because they were off-balance sheet items
       in Other Comprehensive Income Question 66.66. Which of the following methods is not acceptable for disclosure under the SEC's rules? (Points : 1)        the CEO's letter to the shareholders
       tabular information
       sensitivity analysis
       VaR
       none of the above Question 67.67. Ultimate authority for risk management lies with (Points : 1)        legal counsel
       the head trader
       the external auditors
       the internal auditors
       senior management Question 65.65. Prior to FAS 133, where on the financial statements were derivatives reported? (Points : 1)        as contingent liabilities
       as goodwill
       as intangible assets
       nowhere because they were off-balance sheet items
       in Other Comprehensive Income

Explanation / Answer

Solution:

Questiion 67

Ultimate authority for risk management lies with

Answer - senior management

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