Новости

Accounting Council to issue ED on FRS 102 defined benefits

The Accounting Council, replacement body for the Accounting Standards Board (ASB), has told the Financial Reporting Council that it plans to issue a limited scope Exposure Draft on defined benefit multi-employer pension plans (excludes group pension plans)’. If approved by the FRC, the draft will be issued as part of its ongoing review of the plans for the new FRS 100-102 accounting standards to replace UK GAAP, due for publication by year end 2012.

IIRC’s integrated reporting draft to launch in Spring

It expects to grant approval to version one of the framework together with a consultative draft of long-term governance arrangements by Q4 of 2013.

Audit committee’s independence called into question

Investors have questions audit committees' independence from company management and called auditors to review the ‘aggressiveness' of companies' financial statements in a report published by PwC.

Minfin mulls the “megaregulator” option for the market

The Ministry of Finance of the Russian Federation wants the “megaregulator” (which is to be created at the base of either the Central Bank or the Federal Financial Market Service) to start functioning in one year. Market participants think that both of the current regulators are watching over quite different segments, so they can hardly be merged into a single structure. It is possible, however, that the FFMS will be reorganized into an agency subordinated to the Bank of Russia.

Under new accounting standard, CFOs could change hedging strategies

A new international financial reporting standard (IFRS) on hedge accounting could prompt finance chiefs to change their companies’ hedging strategies under a more accommodating, principles-based regime that requires less testing.

The future for public sector accounting standards

Ken Warren, a board member of the International Public Sector Accounting Standards Board (IPSASB) and the New Zealand External Reporting Board (XRB), has written an article providing some insights into the future direction of International Public Sector Accounting Standards (IPSAS). The article, entitled “IPSASs through the looking glass” and recently published on the website of the New Zealand Institute of Chartered Accountants (NZICA), discusses conceptual differences between IFRS and IPSAS and likely developments in public sector accounting.

Germany will participate in salvation of Europe

Although there was little doubt on that from the very beginning, the German Constitutional Court eventually made a positive decision. Germany will now participate in the European Stability Mechanism (ESM).

Minfin finished public discussions of two new standards on auditing

On 6 September the Ministry of Finance of the Russian Federation has finished public discussions of two new federal standards on auditing.

Moscow Stock Exchange may launch Apple futures, and not only

The Federal Financial Markets Service has published its new order which has to simplify issuing of future contracts (or just “futures”) on foreign shares. Apple and Google futures may thus become the Moscow Stock Exchange’s new instruments.

AICPA and XBRL US Plan Certificate Program

The American Institute of CPAs is teaming up with XBRL US to develop a certificate program focused on U.S. GAAP reporting in Extensible Business Reporting Language format.