Новости

ACCA advises accountants to adapt to technological innovations

Even most advanced technologies affect everybody to a certain extent, let alone accountants which use them for their career development and contribute to wider use of IT technologies by their clients and companies they work at.

CB of Russia wants to “wiretap” investors

The Central Bank is possibly working on legislative amendments to allow the regulator’s (or rather “megaregulator’s”) access to telephone talks and mailing of unfair market participants.

Simplified accounting approved for individual entrepreneurs in Russia

Deputies of the State Duma today approved a draft law on simplified financial accounting for small companies and certain types of non-commercial entities.

Quantitative easing not working - economists

The quantitative easing program is not helping the US economy – think four independent economists from four different universities. Cheap dollars settle in pockets of bankers and traders and can’t find their way to the real sector.

Cypriot deposits won’t be set free earlier than spring 2014

The Ministry of Finance of Cyprus delayed lifting restrictions on accounts in local banks at least until next year’s spring – told the financial minister Haris Georgiadis.

IPSASB proposed five new standards on accounting for interest in other entities

The International Public Sector Accounting Standards Board (IPSASB) today published five new accounting standards for public sector entities which are to replace currently effective IPSAS 6 “Consolidated and Separate Financial Statements”, IPSAS 7 “Investments in Associates”, and IPSAS 8 “Interests in Joint Ventures”.

Small companies in Russia need simplified auditing standards

Almost simultaneously three different interviews with top governance of two financial regulatory authorities - the Ministry of Finance and the Federal Service of Financial and Budgetary Oversight – were published within one day.

Fifteenth meeting between ASBJ and FASB

American and Japanese accounting standards developers met again on 15-16 October in Tokyo for the fifteenth time already to discuss most recent achievements in developing of global standards.

European Council approves transparency standards

Last week the Council of Europe approved a draft version of the so-called “Transparency Directive” which should ensure high confidence among European investors. Companies with shares traded on regulatory markets will be required to publish periodic updates on financial performance and information on distribution of voting rights.

FEE comments on ESMA’s enforcement guidelines

The European Federation of Accountants (Fédération des Experts-comptables Européens, FEE) published its comment letter concerning draft guidelines on information disclosure which have been issued by the European Securities and Markets Authority (ESMA) in July. European experts fully support the idea of a single European approach to regulation, but warn against ESMA going too far beyond its responsibilities.