Новости

Feedback statement on the questionnaire on subsequent measurement of goodwill

EFRAG and the OIC have issued the feedback statement on the input received from questionnaires on the subsequent measurement of goodwill.

IMF admits that certain mistakes were made when helping Greece

The International Monetary Fund admits that it made several serious mistakes when providing financial support to Greece during the last three years when the debt crisis hit Europe.

Further struggle with offshore companies in Russia

Russian parliamentarians proposed to disallow companies with owners in offshore jurisdictions to participate in privatization.

Fourth issue of the Conceptual Framework newsletter

EFRAG, ANC, ASCG, FRC and OIC have released the fourth issue of their Conceptual Framework newsletter.

Deposit Insurance Agency wants to monopolize bankruptcies

The Deposit Insurance Agency is following the Central Bank’s example (which is soon to become the “megaregultor” of the financial market) and wants more regulatory powers for itself. The DIA’s chairman Yuri Isaev proposed to allow the agency to liquidate not only banks, but all companies on the financial market in general.

FRC to adopt lessons from consultation on going concern guidance

In January the FRC consulted on how best to implement Lord Sharman's proposals on going concern. The FRC is pleased with the considered responses/feedback to its recent Consultation Paper Implementing the Recommendations of the Sharman Panel – Revised Guidance on Going Concern and revised International Standards on Auditing (UK and Ireland).The majority of respondents supported the principles behind the recommendations advocated by Lord Sharman’s report, “Going Concern and Liquidity Risks: Lessons For Companies and Auditors”. The FRC therefore encourages all companies to consider and abide by the principles.

FASB’s Seidman: Americans prefer rules to principle

Outgoing Financial Accounting Standards Board Chairman Leslie Seidman has had plenty of time to tackle long-standing questions about whether accounting principles are more desirable than specific accounting rules.

Central Bank of Russia proposed criminal punishment for bankrupting banks on purpose

The main banking and soon-to-be main financial regulator of Russia - the Central Bank - thinks it is necessary to punish top-managers who lead their banks to bankruptcy on purpose. For that there should be a law providing criminal liability for managers.

Russia’s Central Bank intensifying struggle against money laundering

The Central Bank may expand its own powers to oppose money laundering in banks. For that it plans to revoke licenses of credit institutions where more than 50% of revenues come from servicing “shadow” transactions.

IFRS Foundation charts progress towards global adoption of IFRS

The IFRS Foundation has completed the first phase of an important initiative to assess the progress towards global adoption of IFRSs. The G20 has called for global adoption of a single set of high quality financial reporting standards. This initiative is intended to provide a central source of information that permits interested parties to chart jurisdictional progress towards the achievement of that goal.