Новости

PwC calls for a review of the appraisers’ profession

It appears that today not only in Russia the profession of valuators (or appraisers if you like) needs a serious shake-up. At least that’s what PwC’s experts write about in their two recent publications.

Europe presents its plan against tax evasion by MNCs

This Monday the European Commission presented its plan to fight with loopholes in tax legislation currently used by multinational corporations (MNC), informs Financial Times. Brussels wants to force large corporations to pay hundreds of billions in taxes to EU member states.

Russia to endorse two documents with amendments to IFRSs and an Interpretation

The Ministry of Finance has published its draft new order on adoption of new international financial reporting standards on the territory of Russia.

Islamic finance not consistent with IFRS convergence?

The Asian-Oceanian Standard-Setters Group (AOSSG) published results of the survey which had been held by its workgroup (the Islamic Finance Working Group) in 24 counties of the Middle East and Northern Africa. According to its results, there is currently high co-existence between IFRSs and accounting standards developed by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

PwC, World Bank and IFC publish their joint Paying Taxes report

The international audit company PricewaterhouseCoopers, the World Bank, and the International Financial Corporation recently published their traditional annual Paying Taxes report.

Former IASB member Warren McGregor says that conceptual framework should “aspire”

Warren McGregor – former member of the International Accounting Standards Board – became one of two co-authors of the research paper on the subject of conceptual frameworks and their role in standard setting.

ICAEW worried by country-by-country requirements

The Institute of Chartered Accountants in England and Wales (ICAEW) is worried by the regulators’ move to align country-by-country reporting requirements which stem from simultaneously two accounting directives - the Capital Requirements Directive (CRD IV) and the Transparency Directive.

Deloitte’s previously confidential report made public

Last Friday the Public Company Accounting Oversight Board (PCAOB) published previously confidential parts of the Deloitte & Touche LLP report for 2009. The reason is the fact that the audit company failed to correct the issued previously identified in the report within year. “The board has determined that as of April 16, 2010, the firm had not addressed certain criticisms in the report to the board’s satisfaction” (www.accountingtoday.com) – said PCAOB representatives.

State Duma of Russia searching for a cure against unfair deposit holders

The State Duma of Russia is studying the possibility to restrict interest payments on bank accounts in case of occurrence of insurance events. This may be aimed against those who put their money in knowingly problematic banks and get their money bank with interest income. The Bank of Russia sees the initiative as worthy attention.

GAAP-IFRS.COM Digest: 18-22 November