Interest Rate Swap Audit Program

Posted By: one auditor

Interest Rate Swap Audit Program - 11/17/08 04:59 PM

I am in the process of putting an audit program together for interest rate swaps. Does anyone have an audit program already written they can share. Any help would be most appreciated.
Posted By: Dazed and Confused

Re: Interest Rate Swap Audit Program - 01/08/09 08:09 AM

Just wondering ... is your request from an accounting perspective to ensure GAAP compliance ... or from another perspective? Interest rate swaps generally qualify as derivative instruments and, as you know, are not straight-forward arrangements.