Новости

Keeping European constituents informed of the debate on Conceptual Framework

On 6 February 2013, the European Financial Reporting Advisory Group (EFRAG), the French Autorité des Normes Comptables (ANC), the Accounting Standards Committee of Germany (ASCG), the Organismo Italiano di Contabilità (OIC) and the UK Financial Reporting Council (FRC) issued their strategy for work on the Conceptual Framework of the IASB.

EFRAG’s endorsement advice and effects study report on Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)

EFRAG has completed its due process regarding Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

Trustees publish revised version of the IFRS Foundation Due Process Handbook

The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), have today published an updated version of the IFRS Foundation Due Process Handbook (“the Handbook”).

FEE publishes an analysis of combined and carve-out financial statements

The European Federation of Accountants (FEE) has published a paper “Combined and Carve-out Financial Statements Analysis of Common Practices”. The paper summarizes the most common practices as well as the main issues and challenges related to the preparation of combined and carve-out financial statements in compliance with IFRS.

CB of Russia wants to make sure banks evaluate their pledges properly

The Central Bank of the Russian Federation is worried by the problem of unreliable evaluation of non-core assets. The regulator now wants to hire professional appraisers so that they could check reliability of presentation of pledges on banks’ balances.

Moscow Stock Exchange evaluated at $4.3 billion

The Moscow Stock Exchange placed its shares at the lowest price from the announced offering price threshold – at 55 roubles per share. They counted on higher liquidity, but the first day of trading demonstrated that it had been wrong.

Tobin tax being tried on Russia

Russia may resume discussion of possibility to adopt the so-called Tobin tax, informed the Central Bank’s chairman Sergei Ignatiev. He reminded that the government had abandoned the idea once and that it would all depend on success of the tax’s implementation in Europe.

LSE eases IPO requirements for hi-tech companies

On Tuesday the London Stock Exchange informed on simplification of rules for initial public offering. Those changes will affect fast-growing hi-tech companies. For example, from now on the required free-float rate for those companies’ shares is 10% instead of 25%.

Feedback statement on the ESMA consultation paper on materiality

The European Securities and Markets Authority (ESMA) has published a feedback statement summarising the responses to its consultation paper 'Considerations of materiality in financial reporting'.

FASB Proposes Improvements to Recognition and Measurement of Financial Assets and Liabilities

The Financial Accounting Standards Board (FASB) today issued for public comment a proposal to improve financial reporting by providing a comprehensive measurement framework for classifying and measuring financial instruments.