Новости

Russia may declare amnesty for economic crimes

The government of Russia may declare amnesty for economic crimes somewhere in the end of 2013, thinks the head of the Russian Union of Industrialist and Entrepreneurs Alexander Shokhin.

Russia decides to adopt ISAs

The government’s commission on lawmaking approved amendments to the law on investments of labor pensions in Russia and another one on auditing activity (where it deals with adoption of international standards). Changing the legislation of Russia is aimed at introduction of international standards on auditing.

Evaluation of real estate by single standards

Global professional organizations for the first met together to start their joint work on creation of evaluation standards and methods. This meeting – the International Property Measurement Standards Coalition - took place in Washington.

АICPA аims to offer сredentials overseas

In a vote at its Spring Meeting, the Governing Council of the American Institute of CPAs authorized the board to offer the institute’s credentials overseas.

Russia delays the new real estate tax because of appraisal problems

Adoption of the new country-wide tax on real estate property will likely be delayed – again, and this time until 2018. It is not advised to “relax” though, because in regions of Russia adoption is still possible on the municipal level “whenever everything is ready”.

Duma approved the financial “megeragulator” law in the first hearing

Last Friday the State Duma of Russia approved the law on creation of financial “megaregulator” in the first hearing. The document will adopt changes to 47 different federal laws, and as a result of it’s the Federal Financial Markets Service will pass its regulatory powers to the Bank of Russia.

House passes bill demanding tougher SEC cost-benefit analyses

With supporters touting it as an antidote to excessive, costly, and job-killing regulations, the U.S. House of Representatives on Friday approved a bill that imposes new cost-benefit analyses upon financial regulations.

IASB issues IFRIC Interpretation 21: Levies

The International Accounting Standards Board has today issued IFRIC Interpretation 21: Levies, an Interpretation on the accounting for levies imposed by governments. The Interpretation had been developed by the IFRS Interpretations Committee (‘the Interpretations Committee’), the interpretative body of the IASB.

Deloitte (US) comment letter urges further convergence regarding classification and measurement of financial instruments

Deloitte & Touche LLP has submitted a comment letter on the FASB's proposed Accounting Standards Update (ASU) “Recognition and Measurement of Financial Assets and Financial Liabilities” issued in February 2013. The comment letter compares the proposed ASU with the IASB’s exposure draft on proposed limited changes to IFRS 9 (2010) published in November 2012 and lists key areas where further convergence is possible

GAAP-IFRS.COM Digest: 13-17 May