Новости

Representatives of the Financial Accounting Standards Board and the Accounting Standards Board of Japan hold biannual meeting

Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) met on March 4 and 5, 2013, in Norwalk, Connecticut. This meeting was the fourteenth in a series of biannual meetings between the FASB and the ASBJ.

SEC proposes rule to better battle unexpected market meltdowns

From “flash crashes” to flash flooding, the Securities and Exchange Commission on Thursday issued a proposed rule intended to ensure the stability and resiliency of the securities marketplace when unexpected events strike.

GAAP-IFRS.COM Digest: March 4-7

Payday loans will be treated separately from all other micro credits

Quite a large share of the market for micro credits is made of so-called payday loans (PDLs), which are basically loans given at relatively high interest rates (1-2% per day!) and for a relatively short term – literally until the next salary. The average amount is 2-30 thousand roubles. To compare with, a typical microcredit for business development is normally issued for a longer period at an average rate of 24.7%.

Minfin changes IFRS standards effective in Russia

The Ministry of Finance of the Russian Federation has published on its website a draft order on adoption and cancellation of IFRS documents on the territory of Russia.

Global Accountancy Leaders Identify Major Themes for 2013

The International Federation of Accountants (IFAC), the global organization for the accountancy profession with 173 members and associates in 129 countries, today released the results of its 2012 IFAC Global Leadership Survey of the Accountancy Profession.

IASB publishes revised proposals for loan-loss provisioning

The International Accounting Standards Board (IASB) today published for public comment a revised set of proposals for the impairment of financial instruments. The proposals build upon previous work to develop a more forward-looking provisioning model, which recognizes expected credit losses on a more timely basis.

FASB responds to Financial Accounting Foundation’s post-implementation review report on Statement 131 on segment reporting

The Financial Accounting Standards Board (FASB) will review the issues raised by the Post-Implementation Review of its business segment reporting standard with its stakeholders and the staff of the U.S. Securities and Exchange Commission to determine whether further review of the standard is warranted, the Board said today.

IPSAS “indisputable reference” for potential EU-wide standards

Any future introduction of harmonized public sector accounting standards across the European Union should be based on the International Public Sector Accounting Standards, the European Commission said today.

Markets will be closed for countries systematically breaking FATF rules

Jurisdictions where anti-money laundering legislation is not aligned with international standards risk finding themselves in “black lists”: their financial transactions on global markets may be blocked.