Australia by its nature continues to be at the cutting edge when it comes to the use of derivatives, whether in mining, electricity, banking or manufacturing. With the introduction of the Australian Accounting Standard AASB 139 Financial Instruments: Recognition and Measurement, the way companies account for derivatives is subject to very specific and onerous requirements. At Deloitte, we have a specialised group dedicated to helping our client comply with the accounting requirements for derivatives.

Deloitte’s Financial instruments advisory services (FIAS) team specialises in assisting companies with their treasury issues, derivative transactions and controls. Specifically this group provides the following services:

• due diligence
• technical accounting opinions
• advice on risk management
• advise on derivative transactions and hedge strategies
• reviews of internal controls
• assistance with accounting policies and procedures
• compliance with requirements of Sarbanes Oxley
• valuations
• provision of treasury accounting services.