Новости

Russian auditors on strike, protesting against Minfin’s reforms

About 2.5 thousand Russian auditors commenced a 1-week strike, protesting against regulatory changes which, in their opinion, are predominantly aimed to help foreign companies’ expansion, especially in case of the “Big Four”.

Second collection of free research papers in renowned

In order to further promote accounting research, the publisher Taylor & Francis Online has pulled together another four freely available collections of research papers on currently much debated issues. The new topic groups are: “Accounting Regulation”, “International Accounting”, “20th Century Accounting”, and “Auditing”.

ACCA criticizes proposed changes in lease accounting

ACCA’s Global Forum for Corporate Reporting has criticized the proposed changes in accounting for operating leases put forward by the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) as creating additional complexity without delivering any improvements.

Consulting auditors in Russia will be regulated differently

During the latest meeting of the Minfin’s Audit Council it was discussed the possibility to increase the number of audit companies capable of providing consulting services in the field of IFRSs application. For that, self-regulatory organizations – which in Russia exercise control over auditors – should take certain precautionary steps.

Companies on simplified taxation regimes will not be freed from the obligation to keep accountancy

Last Friday the State Duma of Russia approved a draft law in its first reading which earlier was expected to free all small businesses on simplified taxation regimes from the obligation to keep financial accountancy.

Foreign auditors will possibly be let to Russia

The recent meeting of the Audit Council of Russia poured some light on possibility of letting foreign CPAs to work in Russia. This possibility already raised reaction within Russia’s auditors’ society.

FASB chairman Russ Golden plans new course for board

Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.

FRC responds to IASB insurance contracts ED

The Financial Reporting Council (FRC) has flagged up continuing concerns over some of the requirements laid out in the IASB exposure draft Insurance Contracts, saying they introduce significant changes in accounting and are likely to raise implementation and systems issues for insurers.

EFRAG and the National Standard Setters of France, Germany, Italy and the UK publish two Bulletins in relation to the review of the IFRS Conceptual Framework

EFRAG and the National Standard Setters of France, Germany, Italy and the United Kingdom have published two further Bulletins to promote discussion, and to help form European views that are influential in the debate on the IFRS Conceptual Framework.

GAAP-IFRS.COM Digest: 9-12 September