Do you believe that Deloitte behaved properly by accepting GMs decision to apply a 6 75 percent discount rate to its pension liabilities What, if any, other steps or measures should Deloitte have taken under the circumstances ...

In retrospect it appears that there was significant evidence suggesting that the 675 discount rate w ...

Do you believe that Deloitte behaved properly by accepting GMs decision to apply a 6.75 percent discount

Question:

Do you believe that Deloitte behaved properly by accepting GM’s decision to apply a 6.75 percent to its pension liabilities? What, if any, other steps or measures should Deloitte have taken under the circumstances?

Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...