Новости

British actuarial standards translated into Russian

EMBC has prepared a Russian translation of Technical Actuarial Standards (TASs) which are currently effective in Britain. It is an official translation which was made upon permission of the Financial Reporting Council (FRC).

IAASB releases 2012 Annual Report - responding to the needs of an interconnected world

The annual report highlights the IAASB’s work in the public interest to enhance the quality and consistency of practice throughout the world, and thereby strengthen the public’s confidence in the global auditing and assurance profession.

XBRL Industry Practice Project 2013 - call for participants

As a result of this process, the IASB XBRL team is now re-establishing a project to examine and develop common industry practice concepts for the IFRS taxonomy. The team is looking to work directly with companies representing a variety of industries and regions in order to increase comparability, decrease the number of XBRL extensions, and reduce the burden on preparers.

CB may oblige banks to send information on all loans to credit history bureaus

Information on all loans below 3 million roubles given by banks to small and medium entities should be transferred to credit history bureaus without agreement of those who receive them. On that told deputy chairman of the Central Bank Mikhail Sukhov at the International Banking Congress in St.-Petersburg.

Russians don’t trust banks and investment companies

Most Russians don’t trust credit organizations and investment companies. According to the research by the Russian Presidential Academy of National Economy and Public Administration (or “RANEPA”), only 30% of respondents trust credit institutions. More than 60% of Russians don’t want to have anything in common with banks under any circumstances.

Bank of Russia will look after how banks purchase microfinance organizations

Microfinance organizations are needed by banks to maintain high-return lending activity, at the same time ignoring the regulator’s risk requirements. Probably that’s what worries the Central Bank of Russia most.

Investors have lost trust in company reports, reveals ACCA study

Investors are less trustful of corporate reports since the global financial crisis with more than two-thirds saying they are more skeptical about the information companies provide, according to new research from ACCA (the Association of Chartered Certified Accountants).

FASB issues standard clarifying investment company status and accounting

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that sets forth a new approach for determining whether a public or private company is an investment company. The Update also clarifies the characteristics and sets measurement and disclosure requirements for an investment company.

GAAP-IFRS.COM Digest: 3-7 June

FRC may be handed audit market competition remit

UK accounting regulator the FRC could be charged with tackling a lack of competition between firms providing FTSE 350 audits, under plans outlined by the Britain's competition watchdog.