Новости

EFRAG’s Public Consultation – Is there a need for specific financial reporting for long-term investing activities business models?

EFRAG is launching public consultation on long-term investing activities business models.

IASB survey on classification and measurement of financial assets

On 7 May 2013 the IASB launched a survey for financial statement users on its November 2012 Exposure Draft Classification and Measurement: Limited Amendments to IFRS 9 (Proposed amendments to IFRS 9 (2010)).

Large investment projects with the government participation will be put under statutory audit

This week Russia’s prime-minister Dmitry Medvedev signed an order on mandatory public audit (technical and price audit) of all large investment projects with the government’s participation.

Minfin of Russia wants to align tax and financial accounting

The Ministry of Finance of the Russian Federation plans to develop measures for simplification of tax accounting (which, we remind, is a separate system in Russia) and aligning it with financial accounting (under RASs).

Private Company Council votes to expose proposed alternatives within U.S. GAAP for private companies

The Private Company Council (PCC) today voted to move forward with proposed alternatives within U.S. Generally Accepted Accounting Principles (GAAP) designed to improve financial reporting for private companies. The PCC’s approved exposure of the proposals is the first step in a process toward endorsement by the Financial Accounting Standards Board (FASB).

PCAOB reproposes auditing standard “Related Parties” and related amendments, including amendments regarding significant unusual transactions

The Public Company Accounting Oversight Board today reproposed for public comment an auditing standard, Related Parties, and related amendments to other standards to address areas that have been contributing factors in a number of financial reporting frauds.

Provide more assurance on management commentary to restore confidence, says ICAS

Auditors should provide positive assurance on management commentaries to restore investor confidence, according to new ICAS report “Balanced and Reasonable”.

“Family tax” instead of the profit tax – possible?

Researchers from the Russian Academy of Sciences (RAS) proposed to abandon the profit tax in its current form and to replace it with the tax on total income – the “family tax” to be levied on what is earned on the level of a separate family.

Russian banks will be forced to disclose all of their purchases

Soon after these May holidays deputies of the State Duma may consider a new draft law which, if approved, will force banks to disclose information on all purchases from office appliances to buildings and cars. They will have to do that just like state corporations, budgetary institutions, ministries and companies under the government’s control already do.

It’s not necessary to appoint external auditors for IFRS accountancy at general shareholders meetings

In its explanatory letter from 24 April 2013 the Federal Financial Markets Service (FFMS) made clear certain aspects of preparation of consolidated financial accountancy (as our constant readers are probably aware, in Russia it has to be prepared under IFRSs).