Новости

IAESB releases 2012 Annual Report: Enhancing Professional Accounting Education

The International Accounting Education Standards Board (IAESB) today released its 2012 Annual Report, Enhancing Professional Accounting Education. The annual report highlights the IAESB’s work in the public interest to enhance the quality and consistency of accounting education practices throughout the world, and thereby strengthen the public’s confidence in the competence of the global accounting profession.

JPX and Nikkei outline new index

The Japan Exchange Group (JPX), along with the Nikkei, has issued an outline for a new jointly developed stock price index in Japan. The outline provides preliminary information on the index’s positioning, selection method, number of constituents, and calculation. Additional information will be provided in the future with the goal of commencing calculation by the end of the year.

GAAP-IFRS.COM Digest: July 29 – August 2

SEC strengthens broker-dealer audit requirements

The SEC on Wednesday approved rule amendments that strengthen audit requirements for broker-dealers. The amendments are intended to increase protections for investors whose money and securities are turned over to SEC-registered broker-dealers. The final rules are available on the SEC’s website.

IPSASB publishes preliminary preface to forthcoming public sector conceptual framework

The International Public Sector Accounting Standards Board (IPSASB) has released a preliminary version of a Preface to its forthcoming Conceptual Framework for the public sector. The purpose of the Preface is to highlight characteristics of the public sector that underpin the development of International Public Sector Accounting Standards (IPSAS) and Recommended Practice Guidelines (RPGs), including the identification of areas where departures from private sector approaches to financial reporting are likely.

Financial ombudsman officially coming to Russia

Not to be confused – there’s already a financial ombudsman in Russia, although officially there is no such thing as the institute of financial ombudsman yet. It should appear soon, however, in 2014 with a new law to protect interests of consumers of financial services. On that informs the document “Strategy for development of the insurance business in the Russian Federation until 2020” which was developed by the Ministry of Finance and published at the government’s website this week.

Ministry for Economic Development wants to regulate natural monopolies

The Ministry for Economic Development of Russia has plans to create a new federal authority with regional branches to regulate natural monopolies. On that informs the draft law which was published on its website this Wednesday.

Minfin of Russia wants to rewrite the whole banking legislation

The Ministry of Finance plans fundamental revision of the whole banking legislation of Russia. Recently a separate task force was created for that purpose which now comprises representatives of the Minfin itself, the Central Bank, and the banking society. Bankers welcomed the idea, although they fear that bureaucratic obstacles may decrease efficiency of the task force’s work.

Newly opened businesses may be relieved of taxes for the first two years

It is possible that private entrepreneurs in Russia who open their first business won’t pay taxes, insurance contributions and other types of obligatory fiscal payments during the first two years of their operations.

IFRS for consolidated accounts could raise issues for shipping

Shipping companies and their financiers could be affected by the introduction of the new IFRS for consolidated financial statements, according to accountancy firm Moore Stephens.