Новости

Switzerland prepared a bill on exchange of information with the USA

Switzerland has recently proposed a new law which will allow its banks to solve the years-long dispute with the USA concerning tax evasion by American citizens.

Companies are friendly with taxmen because they fear to act otherwise

Frightened by numerous accusations in tax evasion and aggressive tax optimization, entrepreneurs in many counties are more ready to negotiate with taxmen rather than to argue with them. Such conclusions were made by upon completion of the research at Grant Thornton International’s request. Russia remains in the general trend.

Ukraine’s government adopting a new control mechanism against tax optimization

The government of Ukraine doesn’t want to allow business to take profits out of taxation anymore and is adopting a new mechanism against aggressive tax optimization. It will be based on transfer pricing. In fact, control over operations between affiliated parties is exercised in many countries, but the Ukraine’s version may possibly become the toughest.

IASB issues narrow-scope amendments to IAS 36 Impairment of Assets

The International Accounting Standards Board (IASB) today published Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36). These narrow-scope amendments to IAS 36 Impairment of Assets address the disclosure of information about the recoverable amount of impaired assets if that amount is based on fair value less costs of disposal.

IASB publishes Feedback Statement on Disclosure Forum, calls for behavioral change regarding financial information disclosure

The International Accounting Standards Board (IASB) today published a Feedback Statement summarizing the discussions at a forum hosted by the IASB on financial information disclosure. At the same time, the IASB signaled its desire to serve as a catalyst for collective action by preparers, regulators, the accounting profession as well as the IASB to address ongoing concerns about the quality and quantity of financial reporting disclosure.

CGMA designation awarded imperial sponsorship for World Congress of Accountants 2014

The International Federation of Accountants today announced that the Chartered Global Management Accountant (CGMA) designation—a joint venture of the American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA)—has been awarded the top sponsorship for the 2014 World Congress of Accountants by the Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili (CNDCEC).

The number of Russian accountants may become a third as much as today

The number of accountants in Russia may be noticeably decreased in almost three times as the Ministry of Finance wants to bring their functions closer to functions of tax consultants. Last week the finance minister of Russia Anton Siluanov welcomed that idea.

PCAOB enters into enforcement cooperation agreement with Chinese regulators

The Public Company Accounting Oversight Board today announced that it has entered into a Memorandum of Understanding (MOU) on Enforcement Cooperation with the China Securities Regulatory Commission (CSRC) and the Ministry of Finance (MOF).

EFRAG's Draft Comment Letter on the IASB's draft ED/2013/5 Regulatory Deferral Accounts

EFRAG is issuing its draft comment letter on the IASB's ED/2013/5 Regulatory Deferral Accounts. Comments on the letter are invited by 21 August 2013.

GAAP-IFRS.COM Digest: 20-24 May