Date: October 6, 2015
Issue: Accounting
To: Mr. Russell Golden, Chairman, Financial Accounting Standards Board (FASB)
Filing Type: Regulatory
Description: FIRCA sent a letter to FASB commenting on Proposed Accounting Standards Update on Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. FIRCA supports the proposed clarification of Topic 815.