Новости

Results of outreach meetings with investors and analysts on the proposed accounting by lessees

The IASB staff have published a summary of feedback from investors and analysts on the lessee accounting proposals. The outreach events summarised were held between May and September 2013.

GAAP-IFRS.COM Digest: 23-27 September

Bank of Russia creating an advisory council to protect consumers under the new “megaregulatory” regime

The Bank of Russia under the new governance is now passing through a series of structural reforms and reshuffling.

Medvedev supports the idea of “tax holidays” for small enterprises

Russia’s prime-minister Dmitri Medvedev poured some oil on the glowing agitation around possible tax holidays – to be possibly introduced in case of newly opened small entities.

SASB announces corporate pilot program for disclosure of material sustainability issues in SEC filings

The Sustainability Accounting Standards Board™ (SASB)™, a 501c3 non-profit organization that provides sustainability accounting standards for use by publicly listed corporations in the U.S., today announced a Clinton Global Initiative (CGI) Commitment to Action to develop a corporate pilot program to help companies use SASB standards to disclose material environmental, social and governance issues in their annual filings to the Securities and Exchange Commission (SEC).

EFRAG draft comment letter on the IASB discussion paper a review of the Conceptual Framework for financial reporting

EFRAG has issued its draft comment letter on the IASB discussion paper a review of the Conceptual Framework for financial reporting. The letter can be downloaded here. Comments are requested by 31 December 2013.

NYSE and NASDAQ will create reserve copies as protection against failures

The New York Stock Exchange and the NASDAQ Stock Market informed about a plan being discussed, according to which they will both store reserve copies with data on quotations of shares traded on each other’s markets. This system should protect traders against technical failures which sometimes happen, and happen maybe even too often.

Great Britain litigates with EU, protecting bonuses of its bankers

British Treasury informed on filing an official complaint to the European Court in Luxemburg in which it appeals against restriction of bankers’ bonuses planned for adoption in the European Union.

More criminal proceedings for LIBOR manipulations

Following employees of the UBS bank who had been accused of manipulating the key financial market indicator (LIBOR), charges were brought against employees of the world’s largest interdealer broker – British company ICAP. If their guilt is proved in court, they may get 30 years in prison each.

Conserving the concept of stewardship

Ever since the specific mention of stewardship fell out of the IASB’s work on a conceptual framework, there has been a clamor for its reinstatement. Our regular resident columnist, Robert Bruce takes a look at moves to ensure its return.