Новости

European regulators will hold a roundtable on EPSAS

The necessity to adopt international public sector accounting standards have long ago become clear.

JPMorgan will have to pay 4.5 billion to institutional investors

One of the largest American banks, JPMorgan Chase&Co, agreed to pay about 4.5 billion to institutional investors as compensation for financial losses on the eve of the mortgage crisis.

GAAP-IFRS.COM Digest: 11-15 November

European “Transparency Directive” coming into force in less than 20 days

A final version of the new European “Transparency Directive” was published in the Official Journal of the European Union this week. Twenty days should pass since the moment of its publication there for the Directive to come into effect.

British accounting institutions studying accountancy of not-for-profit organizations

Probably the main goal of the whole project is to get clear understanding of whether a separate accounting system of standards and/or guidance is needed for companies of the non-commercial sector. Upon its completion answers will be hopefully obtained for a number of important questions.

Moody’s downgrades ratings of four largest banks

The international rating agency Moody’s has changed ratings of four largest banking institutions of the USA: according to its opinion, in case of another financial crisis they will be left without the government’s support.

Putin will allow law enforcers to file tax cases anyway

Despite the fact that Dmitry Medvedev publicly disapproved the idea this week, yesterday Vladimir Putin made it clear how it all was going to be.

Russia is not developing any further – Valdai club

Upon estimation of development dynamics of the country experts of the Valdai International Discussion Club recently concluded that the stagnation stage had probably come to Russia.

State Duma of Russia decided not to restrict rates on credits

Relatively not long ago we wrote about possible adoption of restrictions for “usurious” rates sometimes charged by Russian banks on issued loans. Yesterday the State Duma of Russia considered the draft law in the first reading – and rejected it.

Medvedev openly disapproves the idea to allow law enforcers to open tax cases on their own

According to the prime-minister of Russia, total number of criminal cases being processed can’t be seen as an indicator of effectiveness of the police’s work.