FDM.1:7 - Conformance Checklist
For the proposed interpretation, examine whether:
- The actual party and financial question are identifiable.
- The right, obligation or other interest has an adequate basis, content, conditions and time.
- Assertions and records about the position remain distinguishable from the position itself.
- Actual resources and expected future performance are not inferred from a position alone.
- The result supplies an adequate answer or names the particular identity, term, rule or evidence still missing.
An adequate description supports its stated interpretation. Its existence alone does not prove formation, funding or performance.