Why is hedge accounting used and how can it be misused

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Reference no: EM13925619

1. Distinguish between the front office and the back office of a derivatives dealer. Explain why it is im- portant to keep the front and back offices separate.

2. Explain why the traditional auditing function cannot serve as the risk management function.

3. Why is hedge accounting used and how can it be misused?

Reference no: EM13925619

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