Новости

European corporate reporting law to be announced

The European Commission is to announce details of a new corporate reporting law requiring large companies to include information about the social, environmental and human rights impacts of their operations in their financial reports and accounts.

KPMG insider trading scandal caused by 'lapse of judgment'

'I have no idea what I was thinking,' says ex-partner after auditor forced to resign as auditor for Herbalife and Skechers

EFRAG and the national standard setters of France, Germany, Italy and the UK publish three Bulletins in relation to the revision of the IFRS Conceptual Framework

EFRAG and the national standard-setters of France, Germany, Italy and the United Kingdom have agreed to work in partnership to promote discussion, and to ensure that European views are influential in the debate on the IFRS Conceptual Framework.

GAAP-IFRS.COM Digest: 8-12 March

Russian banks attract taxmen to collectors’ job

Banks in Russia started to attract taxmen to collectors’ job, figuratively speaking. An overdue credit which hasn’t been returned is also an income to collect taxes from, and taxmen agree with that. But to cooperate with tax authorities "traditionally", banks have to write off bad debts first.

Ukraine’s new law on derivatives interests only speculative players

In Ukraine it will soon become possible to sell foreign currency without purchasing it – what is called “short selling”. The local Ministry for Economic Development together with the European Bank for Reconstruction and Development prepared a draft law to allow trading with derivative instruments not only on financial securities or stock exchange indexes, but also on Ukraine’s national and foreign currencies.

Minfin to adopt three new IFRS standards in Russia

The official website of the finance ministry of Russia acquired a draft order this week. It says there will be adoption of new international financial reporting standards on the territory of Russia.

Europe may acquire another currency

Former European internal market commissioner Frits Bolkestein proposed that Europe’s two strongest economies, Germany and Netherlands, should adopt one more currency in addition to euro.

SEC adopts rules to help protect investors from identity theft

The Securities and Exchange Commission today voted unanimously to adopt rules requiring broker-dealers, mutual funds, investment advisers, and certain other entities regulated by the agency to adopt programs to detect red flags and prevent identity theft.

Agreement on the revision of the EU Accounting Directives

On 9 April 2013, the European Council, Parliament and Commission informally agreed on the finalization of a new Accounting Directive that aims at reducing the administrative burden of accounting and at enhanced transparency in the extractive industry. Detailed information on the content of the new Directive is not available yet.