Новости

New IFAC Publication Provides Support for Professional Accountants Improving Internal Control

The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) has issued new International Good Practice Guidance (IGPG) "Evaluating and Improving Internal Control in Organizations", highlighting areas where the practical application of existing internal control standards and frameworks often fails in many organizations.

AcSB reflects on Canadian IFRS adoption strategy

The Canadian Accounting Standards Board (AcSB) has released its annual report for the 2011-2012 year, which includes reflection on AcSB's strategy of adopting IFRSs for Canadian publicly accountable enterprises and permitting their use by other entities.

Sberbank and the Central Bank of Russia in the center of a loud scandal

According to RBC-Daily, Sberbank is suspected in a serious internal security breach while issuing a bank guarantee for 2.5 million euro. Sent by the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, it was expected to be paid for an external trade contract of a Russian company that had purchased polymers in Lithuania.

Investors think LIBOR is doomed

According to Bloomberg’s survey among investors, most of them think LIBOR will seize to exist in less than five years.

Sberbank may be sold contrary to the law

The Federal Agency for State Property Management of Russia has plans to simplify privatization of Sberbank. According to the body’s chairperson (also being the deputy minister for economic development) Olga Dergunova, to decrease the Central Bank’s interest in the largest commercial bank (we’re still talking about Sberbank), a simple decision by the Bank of Russia will be enough.

FRC announces membership of the Actuarial, Audit and Assurance and Accounting Councils

Following reform of the Financial Reporting Council in July 2012, the FRC has today announced membership of the Actuarial, Audit and Assurance and Accounting Councils, advisory bodies to the FRC Board and its Committees.

EU waters down auditing restrictions in boost for Big Four accountancy firms

Companies will have to change their auditors - but only every 25 years - under new watered-down plans to overhaul the accountancy profession.

IASB publishes staff draft of the hedge accounting section of IFRS 9

The International Accounting Standards Board (IASB) has published on its website a staff draft of the general hedge accounting section of IFRS 9 “Financial Instruments”. The staff draft is based on the proposals in the Exposure draft ED 2010/13 ‘Hedge Accounting” published in December 2010 and the tentative decisions the IASB has made during its redeliberations of the Exposure Draft.

FASB sees flexibility, relevance as cures to disclosure overload

As described by FASB member Marc Siegel during a webcast Wednesday, disclosure requirements are becoming increasingly burdensome for financial statement preparers. One objective of a current FASB project is reducing the volume of those disclosures by enabling flexible requirements geared toward relevance.

CB of Russia defined 12 principles of financial accounting in credit institutions

The Central Bank of the Russian Federation has approved its new order on principles of financial accounting in credit institutions. This document sets a single basis for accounting in banks.