Новости

ICAA report calls for public sector accounting standard reform

The Institute of Chartered Accountants in Australia (ICAA) has released a report calling for reform of global public sector reporting, including the 'transformation' of the International Public Sector Accounting Standards Board (IPSASB) and the integration of the private and public sector financial reporting models under the auspices of the IFRS Foundation, possibly eventually leading in the longer term to a potential merger of the IPSASB and International Accounting Standards Board (IASB).

FASB responds to post-implementation review of statement 141R on business combinations

The Financial Accounting Standards Board (FASB) today released its response to the Post-Implementation Review (PIR) of its business combinations reporting standard.

GAAP-IFRS.COM Digest: 27-31 May

FRC publishes Big Four AQI reports

The Financial Reporting Council (FRC) has published Audit Quality Inspection (AQI) reports for the Big Four firms, Deloitte, Ernst & Young, KPMG and PwC.

Global CRAs see bad perspectives for Ukrainian banks

High profitability and fast growth of deposits in the Ukrainian banking system do not impress external analysts who still don’t see the market as stable. International credit rating agencies don’t estimate the banking system’s perspectives positively because of low return and high level of problematic debts. National bankers admit there are risks they face, but they don’t think the liquidity crisis will repeat this year.

Latest IASB work plan tweaks delivery timeframes for a number of projects

The International Accounting Standards Board (IASB) has updated its work plan, following its recent meeting and the issue of a number of pronouncements. The timing of expected milestones have been deferred or clarified in relation to general hedge accounting, annual improvements and other narrow scope projects. Following the issue of the re-exposed leases proposals, the work plan formally schedules the expected commencement of redeliberations in the fourth quarter of 2013.

Minfin wants to oblige Russians to calculate taxes on their own

The Ministry of Finance of the Russian Federation today proposed that citizens should calculate their taxes on their own by informing the Federal Tax Service on property in their possession. Tax services will still have to notify how much taxes they collect.

Russian banks receiving a generous gift of 177 billion roubles

A gift as it is - it’s hard to call it another way: deputies of the State Duma are proposing to fee capitalized profits of banks from taxation. If so, banks will be given 177.1 billion roubles for free as today to have to pay 20% from that amount.

Interview: New IFAC chief executive Fayez Choudhury

New chief executive Fayez Choudhury finds IFAC still in the midst of a tsunami of regulatory upheaval and much finger-pointing and questioning of the role of accountants. IFAC has spent a number of years keeping its head above the surf - from running debates on the sovereign debt crisis to setting standards fit for purpose post-crisis.

Japan's Business Accounting Council discusses specifics of initiatives to promote use of IFRSs in Japan

Japan’s Business Accounting Council (BAC) met on 28 May 2013 to continue its deliberations about the use of International Financial Reporting Standards (IFRSs) in Japan. No decisions were made during the meeting while the BAC took another step toward concluding the debate.