Новости

IAASB proposes standard enhancing auditor responsibilities for disclosures beyond the financial statements

The International Auditing and Assurance Standards Board (IAASB) today released for public comment proposed International Standard on Auditing (ISA) 720 (Revised) "The Auditor’s Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor’s Report Thereon".

FRC amends actuarial standards to include pension incentive exercises. Publishes draft standard on assumptions for pension scheme projections

The FRC has today extended the scope of its technical actuarial standards (TASs) to include actuarial work on pension incentive exercises... Following consultation in May, the FRC has published a draft revision to actuarial standard TM1.

Minfin of Russia wants auditor rotation

During the latest meeting of the Audit Council which took place in November it was decided to take into consideration the latest proposal by the Ministry of Finance on adoption of mandatory audit firm rotation. It is still just a theoretical possibility under discussion.

Russian deputies prolong the anti-crisis support regime for business

The anti-crisis provision in the Tax Code of Russia which allows companies with high debt leverage to decrease profit tax payments, was prolonged for another year. The decision was made after taking into account the fact that the pre-crisis coefficient does not correspond to the current market interest rate on bank loans.

Russian banks will share information on their clients with the US

Russia plans to sign an intergovernmental agreement with the USA on the order of application of FATCA (the Foreign Account Tax Compliance Act), coming into effect on 1 January 2013. That was announced during the recent meeting of the deputy prime-minister Igor Shubalov last week.

German Accounting Standards Committee publishes analysis of the IASB's review draft on hedge accounting

The IFRS committee of the Accounting Standards Committee of Germany (ASCG) has analysed the IASB Review Draft “Hedge Accounting” published in September 2012. The analysis was conducted in co-operation with the ASCG’s Financial Instruments Working Group. It revealed several issues that need further clarification or amendment. One of the findings suggests that the EU carve-out is likely to be imposed on IFRS 9 as well. The results of the analysis have been submitted to the IASB.

Britain checking how everybody’s paying taxes

British government is suspecting large international corporations (including Starbucks, Google and Amazon) in tax evasion. During the three-hour meeting of the parliament’s committee representatives of those companies were asked how much they’d paid in taxes.

IMF arguing with the EU around Greece

This Tuesday’s night financial ministers of the Eurozone again postponed the decision to provide another tranche of 31.3 billion euro to Greece.

FASB’s developing model “totally” changes impairment concept

The new concept of recognizing impairment of financial instruments based on expected credit losses, which FASB is developing, will represent a substantial change in industry philosophy and practice, according to board member Lawrence Smith.

IASB hosts public forum to discuss disclosure overload

The International Accounting Standards Board (IASB) today announced that it will host a public Disclosure Forum (“Forum”) to consider the challenging area of disclosure overload. The Forum, to be held in London on 28 January 2013, is intended to foster dialogue between preparers, auditors, regulators, users of financial statements and the IASB about how to improve the usefulness and clarity of financial disclosures. Output from the Forum will inform the IASB’s work on its Conceptual Framework.