Новости

Russian banks now obliged to fight with fictitious promissory notes

Russian banking regulators want to control turnover of debt instuments better. For that the Central Bank demands that banks should create a database of all issued and registered promissory notes.

IESBA releases 2012 Annual Report

The International Ethics Standards Board for Accountants (IESBA, the Ethics Board) today released its 2012 Annual Report, Connecting and Engaging with Our Global Stakeholders.

FSB takes stock after five years: Convergence of accounting standards still “amber”

In preparation for the upcoming G20 Leaders' Summit, the Financial Stability Board (FSB) has released several reports about progress in connection with the fundamental reform of the global financial system initiated by the G20 in 2008. One of the developments that is facing 'difficulties in meeting its objective and/or timeline' is achieving a single set of high quality global accounting standards.

G20 to take “shadow banking” under control

This week in St.-Petersburg the “Group of Twenty” will consider a set of measures to improve supervision over so-called “shadow banking”. The reform will affect the derivatives market, repo transactions, and secured lending; it is expected that certain restrictions to decrease risks of financial intermediaries will be adopted.

Chief accountants of Russian listed companies don’t have to be CPAs

Recent (July’s) amendments to the Russian federal law “On financial accountancy” have come into effect, changing requirements for chief accountants in public listed companies and members of the Minfin’s council on accounting standards: it appears that for them professional education will no longer be required.

Swiss government encourages banks to settle U.S. tax disputes

The Swiss government is urging banks to cooperate with a new program it has set up with U.S. authorities, even though it will require significant financial penalties and information sharing from banks that aided secret account holders.

IASB research forum and ABR special issue on the Conceptual Framework

On 2 October 2014, the first IASB Research Forum will be held offering an interdisciplinary platform for academics from around the world to exchange their views with peers and with members of the International Accounting Standards Board (IASB) on topics that address the interaction between international financial reporting requirements, policy and the functioning of capital markets. The topic of this first research forum will be the Conceptual Framework for Financial Statements.

2014 U.S. Financial Reporting Taxonomy now available for public review and comment

The Financial Accounting Standards Board (FASB) today released the proposed 2014 U.S. GAAP Financial Reporting Taxonomy for public review and comment. The deadline to submit written comments is October 31, 2013.

GAAP-IFRS.COM Digest: 26-30 August

BRICS generally agrees upon capital structure of the Development Bank

Unlike the last time, this week BRICS counties (Brazil, Russia, India, China, and SA) generally agreed upon structure of the Development Bank which is being created by the group.