Новости

MASB issues Roadmap for Private Entities Financial Reporting Framework

The Malaysian Accounting Standards Board (MASB / Board) today published a Roadmap which explains the Board’s plan with regards to private entities that meet specified criteria to use the Financial Reporting Standards for Small and Medium-sized Entities (FRS for SMEs) beginning in 2016. The FRS for SMEs, which was issued as MASB ED 72 for public comments in 2010, is virtually identical with the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) issued by the International Accounting Standards Board (IASB) in July 2009.

Monitoring Board announces final membership criteria and processes for review of existing members and selection of new ones

The Monitoring Board of the IFRS Foundation today announced the successful conclusion of its assessment approach for the membership criteria of the Monitoring Board. The criteria will be used in the selection of new members and in the periodic review of existing members that will take place every three years. At the same time, the Monitoring Board announced the appointment of Masamichi Kono, current Acting Chair of the Monitoring Board, to serve as its Chairman.

GAAP-IFRS.COM: Digest February 25 – March 1

Minfin of Russia completed development of a new auditing standard

In its official letter this week the Ministry of Finance of Russia informed that on 8 February it had finished discussions of the new federal standard on auditing that deals with application of the going concern concept.

No more than 300 thousand settled in cash

It is possible that starting from 2015 paying for large transactions (300 thousand roubles or more) in cash won’t be allowed to private individuals as well as companies in Russia. The corresponding bill is planned to be proposed to the State Duma for consideration.

Measuring inflationary expectations of Russians

Russia will soon adapt a new macroeconomic indicator similar to the one calculated by the Conference Board in the USA: the Central Bank of Russia already started measuring inflationary expectations.

Basel III passed the European Parliament

Last night deputies of the European Parliament approved all details of the draft set of rules which will tighten regulation of the banking market. Last week they already made one attempt, but it failed. The most problematic became the question of bankers’ bonuses – this made impossible approval of the whole set, “Basel III”.

FAF Review Team Concludes GASB Statements on Deposit and Investment Risks Achieve Their Purposes

Two accounting standards established to improve the way state and local governments report deposit and investment risks, and repurchase and reverse repurchase agreements have achieved their purpose and provide decision-useful information to creditors and other financial statement users.

EFRAG and the National Standard Setters ANC, ASCG, FRC and OIC invite companies to participate in a field-test on how the transition from IAS 39 to the new IFRS 9 requirements will affect classification and measurement of financial assets

In November 2012, the IASB issued the Exposure Draft (ED) Classification and Measurement: Limited Amendments to IFRS 9 to propose changes in the classification and measurement requirements in IFRS 9 Financial Instruments. As a consequence of the transition from IAS 39 to the new classification and measurement requirements in IFRS 9, as modified by the ED, entities might need to measure at fair value some financial assets that are currently measured at amortized cost, or the other way around.

Integrating Governance throughout an Organization Helps Achieve Sustainable Success

How Professional Accountants in Business Can Integrate Governance into Their Organizations’ Drivers of Sustainable Success.