Новости

FAF review concludes GASB standards on risk financing and insurance-related activity achieve their purposes

Two accounting standards established to improve the consistency and comparability in reporting U.S. state and local governments’ insurance activities achieve their purpose.

FAF issues revised proposal on GASB scope of authority

The Financial Accounting Foundation (FAF) Board of Trustees today issued for comment a revised proposal to clarify the characteristics of information that the Governmental Accounting Standards Board (GASB) may incorporate into the financial accounting and reporting concepts, standards, and guidance that it issues for state and local governments

Russia’s deputy finance minister does not expect another crisis of 2008

Russia’s deputy minister of finance Sergei Storchak doesn’t think that a financial crisis similar to the one of 2008 may once again happen in the global economy in general and in separate economies in particular. 

IRS opens FATCA registration portal

The Internal Revenue Service has opened its new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act.

EU legal push for women on boards

UK financial services companies will face legal requirements to set targets for the number of women on boards for the first time from next year as the result of the EU’s new Capital Requirements Directive IV (CRD IV), according to law firm Pinsent Masons.

PCAOB issues second progress report on the interim inspection program for broker and dealer auditors

The Public Company Accounting Oversight Board today released its second progress report on its interim inspection program for auditors of brokers and dealers, covering the audit deficiencies and independence findings identified in inspections performed from March 2012 to December 2012.

The Deposit Insurance Agency may start managing liquidated insurers

By the middle of September the Deposit Insurance Agency (DIA) of Russia plans to develop a new draft law to give it additional powers of authority in order to be able to manage bankruptcy procedures for insurance companies.

Russian companies will report in roubles under IFRSs

Russian government’s lawmaking committee has approved further adoption of IFRSs on the territory of Russia. The draft law, originally developed by the Ministry of Finance, provides presentation of consolidated financial accountancy under IFRSs by new types of entities.

AICPA data standard digs deeper in corporate books

As companies continue learning and refining their use of XBRL, technology is advancing to enable XBRL-like tagging much deeper in the books and records.

Fifteen “farewell” inspections by the FFMS

In the nearest six months 15 problematic insurance companies will become a part of the financial rehabilitation plan under control of the Central Bank. According to estimations by the Federal Financial Markets Service, approximately 40% of all insurers on the Russian market systematically violate the rules in the process of allocation of insurance assets.