Новости

IFAC issues Policy Position Paper on effective governance, risk management, and internal control

The International Federation of Accountants (IFAC), the global organization for the accountancy profession, today issued Policy Position Paper 7 "Effective Governance, Risk Management, and Internal Control" to highlight good practice and the role of professional accountants in business.

GAAP-IFRS.COM Digest: December 10-14

A “digest” of the most interesting, important or sometimes even funny that we added for the last week.

Russian insurance agents may be asked to get a license

The Federal Antimonopoly Service of Russia has proposed its own vision of a new regulatory regime for insurance brokers and insurance agents. The regulator thinks that independent intermediaries like that, selling products of various companies, should have a certificate or a license.

Moscow Stock Exchange expecting outflow of issuers with introduction of obligatory IFRS accountancy

The Moscow Stock Exchange awaiting a new wave of issuers’ outflow from the market after adoption of obligatory IFRS accountancy for listed companies.

EU okays direct supervision over largest banks

Finally the European Central Bank was given a right to exercise direct supervision over largest European banks: the decision was made this Wednesday by European financial ministers after more than 14 hours of negotiations.

EU imposing stricter rules on cash currency export

Starting from 1 January 2013 anyone who has more than 10 thousand euro in cash will have to declare that amount upon entry to or exist from any of the 27 EU member states.

SEC abandons negotiations with China over documents

The Securities and Exchange Commission has given up hope of reaching a diplomatic solution to the standoff with authorities in China over access to audit work paper and is turning the screws on audit firms instead.

Canada looks to clarify disclosures on new and revised IFRSs

The Accounting Standards Board of Canada (AcSB) has issued proposed amendments to the Preface to the CICA Handbook to clarify the authority for financial reporting requirements in Canada and the basis for adopting IFRSs into Canadian GAAP. The proposals discuss whether entities can adopt pronouncements issued by the IASB before incorporation into Canadian GAAP, and how the disclosure requirements of IAS 8 should be applied in the context of an endorsement regime. As such, the observations in the proposals may be relevant for other regimes adopting an 'endorsement' regime for IFRS.

IASB publishes Exposure Draft: Proposed amendment to IFRS 11

The International Accounting Standards Board (IASB) today published for public comment an Exposure Draft of a proposed narrow-scope amendment to IFRS 11 Joint Arrangements.

IASB publishes Exposure Draft: Proposed amendments to IFRS 10 and IAS 28

The International Accounting Standards Board (IASB) today published for public comment an Exposure Draft of proposed narrow-scope amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures (2011).