Новости

U.S. urged to bridge accounting body cash gap

The international accounting body working to beef up company audit rules says it is running short of money and wants the United States to stump up more cash to help it complete its reforms.

Split FASB proceeds with complicated lease standard

Despite misgivings over how complex its plan for lease accounting has become, the Financial Accounting Standards Board has decided to proceed with issuing for public comment its newest proposal for how to bring all leases on to corporate balance sheets.

A number of banks may be fined for EURIBOR and LIBOR manipulations

Financial regulators of the European Union intend to fine a number of banks for their attempts to manipulate the EURIBOR rate linked to euro and the LIBOR rate linked to Japanese yen.

Hollande calls for eradication of “tax havens” throughout Europe

Not a bit surprise after the recent scandals that global politicians start making loud statements. The president of France Francois Hollande informed on a number of proposed measures aimed against tax evasion. For example, French banks will be asked to disclose information on all of their foreign offices.

Supreme Court of Russia sees as legal economizing on taxes through splitting

The Supreme Court of Russia decided that companies have a right to use the mechanism of splitting their business for the purpose of decreasing total amount of tax burden. They may do that without fear that the Federal Tax Service of Russia will later have claims to deal with.

Big Four find Competition Commission audit conclusions lacking

The Big Four have delivered a scathing response to claims they are failing shareholders and that their dominance of the statutory audit market leads to higher prices, lower quality and less innovation for companies.

Accounting regulator says won't budge on insurance rules

A top accounting rule-setter said it won't back down on forcing insurers in Europe and elsewhere to give markets a more current snapshot of liabilities on their books.

Senate confirms ex-prosecutor White as SEC chairman

White, a former prosecutor who was the first woman to hold the venerated position of U.S. attorney for the Southern District of New York, brings a pedigree that could raise the SEC’s reputation for enforcement.

Banks in Russia will tell who influences their decisions

In order to further participate in the deposit insurance system banks which attract funds from private citizens of Russia will have to disclose all information on parties directly or indirectly influencing decisions of their top governance. That’s the requirement contained in proposed amendments to the law “On insurance of private individual’s deposits in banks of the Russian Federation”.

Minfin of Russia restricts foreign capital in the banking system

The Ministry of Finance of the Russian Federation has prepared a bill to restrict foreign participation in chartered capital of Russian banks at 50% at most. Such amendments are proposed to the 18th sect. of the federal law “On banks and banking business”.