Новости

Ronsfinnadzor published another batch of inspection results

16.67% of audit companies said “goodbye” to their SROs either temporary or permanently.

Deutsche Bank being checked by Japanese regulators

The Securities and Exchange Surveillance Commission (SESC) of Japan is checking Deutsche Bank for possible violation of anti-corruption laws, informs.

Reduced reporting requirements for micro entities

The UK’s 1.5m micro-businesses are to be exempt from certain financial reporting requirements following a government consultation on implementing a new EU directive aimed at reducing the regulatory burden for very small entities.

Exposure Draft Interim Release Package on the IFRS Taxonomy 2013 published for public comment

The IFRS Foundation has published today for public comment an Interim Release Package on the IFRS Taxonomy 2013.

Russia saving its federal bonds from foreigners

Only seven months have passed since opening of direct access of non-residents to trading with Russian federal bonds, but the Central Bank already sees this market as highly exposed to foreign investments. As a result, the Bank of Russia wants to start gradually decrease their -foreigners’ - activity. Namely, it has plans for a “pool” of Russian banks which will ensure stability of the state debt market.

G20 now has confidence in the global economy, but still worries about developing markets

Among other things, economic discussions of the latest G20 summit (which concluded in St.-Petersburg last Friday) went around problems of BRICS countries where slowing development of economies is complicated with worries around tightening of monetary policy in the USA.

Lack of confidence in financial reports among the vulnerabilities of Europe

The Joint Committee of the European Supervisory Authorities (ESAs) has published its second bi-annual “Report on Risks and Vulnerabilities in the European Union's (EU) Financial System”. A lack of confidence in the representation of the underlying economic financial position and financial performance in financial reports fueled by the belief that the existing accounting framework is frequently misapplied and that there are shortcomings and room for interpretation in the accounting framework is cited as one of the risks and vulnerabilities.

FRC fines Deloitte £14m over MG Rover misconduct

The Financial Reporting Council (FRC) has announced it has fined Deloitte a record-breaking £14m and issued a severe reprimand over the firm’s actions as advisors to the MG Rover Group, which were subject to a disciplinary tribunal.

GAAP-IFRS.COM Digest: 2-6 September

Russian antimonopoly regulators will work on a compendium of rules

The Federal Antimonopoly Service of Russia shared its plans on an ambitious project to unite all existing rules within a single Code. Working on this “compendium” may take several years, and it is only the first stage of development – planning.