Новости

EFRAG concluded public outreach on the IASB’s discussion document on rate regulation

In September 2014 the International Accounting Standards Board issued a discussion document which did not hold proposals on any concrete proposals for the future standard on rate regulated activities, but instead invited stakeholders to share their opinion on what information should be disclosed in financial accountancy.

SEC will force companies to disclose hedging related to share-based payments

This Monday the Securities and Exchange Commission proposed new rules by which certain companies will have to disclose information of their hedging policies related to their top-managers, directors and common employees – informs Journal of Accountancy. It is easy to understand that the regulator is mostly interested in managers who receive sometimes huge bonuses in a form of a company’s shares. The regulator wants to know – and want investors to know either – how companies insure their managers from adverse shift of prices for their equity.

EFRAG prepared a draft letter on the IASB’s latest proposals to IAS 1

Meanwhile, the European Financial Reporting Advisory Group (EFRAG) presented a draft version of its commentary letter for the December’s publication, commenting on the Board proposals on how to improve information concerning liquidity and financing activity.

Results of the most recent ASAF meeting

Despite the fact that the meeting took place on 4-5 December 2015, only recently the IASB published a communiqué on its results. It appears that the main subjects discussed by the meeting participants this time were: the Disclosure Initiative, emission trading schemes, rate regulation, leases, post-employment benefits, dynamic risk management, equity method of accounting, foreign currency translations, inflationary accounting, insurance contracts, and the IASB’s Agenda consultations.

CDSs formally introduced to the Russian legal field

The National Association of Securities Market Participants (NAUFOR) finished developing a formal standard for credit default swaps (CDSs).

Falling oil prices contribute to global economic growth – G20

According to global financial experts, low oil prices provide a great opportunity for tax policies’ vast review. They predict that the current tendency with oil prices should provide a push to the global economy and increase purchasing power of energy importing counties. Such conclusions are contained in the communiqué upon results of the recent meeting of G20’s Finance Ministers and Central Bank Governors in Istanbul, Turkey.

IASB updates standard on presentation of financial statements

Yesterday the International Accounting Standards Board (IASB) presented a new draft set of amendments to the standard IAS 1 “Presentation of Financial Statements”, clarifying how companies should classify their debts, especially in case of a renewal.

“Too big to fail” companies

Yesterday it was informed that the Ministry for Economic Development had submitted a list with names of 199 “systemic” companies which would (although not necessarily) receive anti-crisis support if needed. By “systemic” we mean simply the ones which have most crucial importance for their industry and the economy in general.

Russia approves a new professional standard for accountants

While another professional draft standard for auditors is still being discussed, the “Accountant” professional standard eventually passed all required procedures and came into force on 7 February (approved by a corresponding order of the Ministry of Labour and Social Security).

FRC’s Financial Reporting Lab published a report on William Hill’s accounting policy disclosures

The Financial Reporting Lab of the Financial Reporting Council – which, we remind, attracts real companies with real financial data to its research projects – recently presented results of its latest research. Experts concluded that investors and shareholders generally support “fresh” innovative approaches to accounting policy disclosures.