Outsourcing
Most companies are just not able to keep a full-time staff person trained and up-to-date in the FAS 133 labyrinth, and now Sarbanes-Oxley has imposed yet another level of rules and reporting requirements. Without access to the proper expertise, derivative-related adjustments can easily cause unwanted swings in earnings, and the pain of restatement.
Hedge Trackers outsourcing services were developed specifically to help lean treasury and accounting organizations cope with the complex, ever-changing nature of FAS 133, while at the same time addressing segregation of duty, independent valuation, and turnover issues. The stringent accounting and documentation requirement of FAS 133 is lifted when FAS 133 work is outsourced to Hedge Trackers - we provide all the necessary results and data to meet these requirements in their entirety.
Our dedicated derivative accountants each have more than 10 years of experience and are trained specifically in applying this complex standard in corporate environments. They work closely with you to ensure a partnership that gives you knowledgeable service based on a clear understanding of your practices, policies, and needs. You receive timely, accurate, and customized journal entries within your accounting close, audit and disclosure support, as well as ongoing FAS 133 training to ensure that your staff is kept fully up to date.