Новости

Big Four “wield undue influence” over tax system, say MPs

Big Four accountancy firms exert an "undue influence" over the formation of tax law and policy, MPs in the Public Accounts Committee claimed today.

Russian companies will have to hire temporary workers by the new rules

The controversial draft law which was originally proposed to prohibit “borrowing” labor force from other companies was approved in the second reading, but its text significantly differs from what was originally proposed in 2011. Companies will be allowed to hire temporary workers, but for no longer than 9 months. If the number of such employers exceeds 10% of the staff, companies will need a labor union’s approval for that.

The Audit Chamber of Russia opposes the idea to disclose audit secrecy to taxmen

The self-regulatory organization of auditors – the Audit chamber of Russia – quite understandably decided to take auditors’ side and protect audit secrecy from tax inspections. To remind you, the corresponding amendments to the Tax Code of Russia and the federal law “On auditing activity” were proposed not long ago.

The number of audit companies in Russia falling

The Ministry of Finance has published a new report on condition of the audit market in Russia in 2012. During the last year the number of auditors significantly decreased from 26.8 to 24.1 thousand people. The number of audit companies with a right to provide audit services decreased from 5.2 to 4.8 thousand. The number of individual auditors is now 900 instead of former one thousand.

GAAP-IFRS.COM Digest: 22-26 April

Russian companies outsource their accounting – Expert RA

Profits of companies providing services of accounting outsourcing in Russia increased in 2012 by 23%, amounting to 5.99 billion roubles in total. This positive dynamics on the market for outsourcing of this very type of business processes is a clear tendency that last for the third year in a row.

It is possible that Russia will restrict salaries in state companies

It sounds hard to believe until it is done (if it is done at all): maximum monthly salaries as well as so-called “golden parachutes” of top-managers and directors of Russian state corporations may be possibly restricted. The corresponding bill was introduced for consideration to the State Duma this week.

CB ordered Russian banks to fight better with fictitious import

Russia struggles against capital being withdrawn from Russia with application of fictitious import schemes within the Customs Union: in addition to other measures aimed to check authenticity of documents accompanying imported goods from Kazakhstan and Belarus Russian banks are now being ordered to check details of foreign counteragents of their clients.

“Cyprus scenario” may be applied to other countries

The European Parliament is discussing the possibility of spreading the Cyprus way of writing off bank deposits onto all counties of the European Union. Before writing off deposits, indebted banks’ losses should be covered by shareholders – not taxpayers as it is done today, European officials thinks.

Comments summarized on disclosure framework discussion paper

The European Financial Reporting Advisory Group (EFRAG), the French Autorité des Normes Comptables (ANC), and the UK Financial Reporting Council (FRC) have published a summary of comments received on their discussion paper (DP) “Towards a Disclosure Framework for the Notes”.