Новости

US financial regulators approved creation of the world’s largest stock exchange operator

The Securities and Exchange Commission (SEC) approved the deal on selling the company NYSE Euronext (the one that earns the New York Stock Exchange) to the Intercontinental Exchange (ICE), the stock exchange operator which holds a number of stock exchanges on the European Union.

GAAP-IFRS.COM Digest: 12-16 August

Russians will have to present their fingerprints when making a purchase in the Internet

When Russian owners of plastic cards decide to make a purchase in the Internet, it is possible that they will have to submit their fingerprints for better security. At least this was the recent recommendation by the Central Bank as a new measure to verify true personality of banks’ clients.

FAS further restricts market shares for retailers

Bad news for Russian retailers today: the Federal Antimonopoly Service is done with new amendments proposed to one of the most controversial, even scandalous 14th section of the law “On trade” which will greatly restrict expansion of retail networks on the market.

AICPA objects to Congress limiting use of cash method of accounting

The American Institute of CPAs has written to the heads of Congress’s main tax-writing committee expressing its opposition to a proposed limitation on the use of the cash method of accounting for partnerships, S corporations, personal service corporations and farmers.

FRC consults on strategic report guidance

The Financial Reporting Council has today issued for consultation Guidance on the Strategic Report; applying the requirements for the strategic report in the recently issued Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013.

Russian banks don’t pay enough attention to IT security

It appears that only 26% of all Russian banks – less than one third! – perform their IT security checks regularly. On that inform experts from Zecurion and the Association of Russian Banks (ARB).

Bank of Russia “strongly advises” to refrain from suspicious transactions with Belarus and Kazakhstan

It looks like noting is working to prevent outflow of capital from Russia through schemes of so-called “fictitious import” with participation of countries from the Customs Union - Belarus and Kazakhstan. Such cases are still discovered, and the CB is ready to change the way it negotiates with banks.

The Accounting Hall of Fame inducts a new member for 2013: Sir David Tweedie

Sir David Tweedie, former chairman of the International Accounting Standards Board, was inducted into The Accounting Hall of Fame on August 5, 2013, in a brief ceremony at the American Accounting Annual Meeting in Anaheim, California.

New guidance from IFAC helps manage complexities

The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC), the global organization for the accountancy profession, today released International Good Practice Guidance, Project and Investment Appraisal for Sustainable Value Creation.