Новости

No entry: Russia prohibits opening foreign banks’ branches

The government of Russia has proposed a bill to prohibit opening foreign banks’ branches in Russia. The document was developed as part of the Strategy for development of the banking sector until 2015 and takes into account all agreements reached during consultations on Russia’s jointing the WTO.

Auditing Standards Board issues Statement on Auditing Standards No. 126

The AICPA’s Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 126, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern (Redrafted), as a result of its Clarity Project to supersede SAS No. 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern, as amended (AICPA, Professional Standards, AU sec. 341 and AU-C sec. 570).

IFRS Foundation publishes formula linkbase 2012

The IFRS Formula Linkbase 2012 is now available to download. The current version of the formula linkbase is an updated version of the formula prototype which was released in October 2011. The 2012 formulae are designed to work with the IFRS Taxonomy 2012.

USA proved foolishness of investment rating’s downgrade

A year has passed since Standard & Poor’s downgraded the American credit rating from AAA to AA+. A scandalous decision it was, leading to speculations among analysts who used to say that this would change the whole world and become a signal of even more serious problems approaching.

ACCA advocates adoption of integrated reporting

Companies who adopt an integrated reporting (IR) approach disclose more social, environmental and ethical information in their corporate reports and take greater account of stakeholders’ needs, according to a study from ACCA.

Financial Accounting Foundation makes public an independent study of the purposes of state and local government financial accounting and reporting

The Financial Accounting Foundation (FAF) today makes public an independent academic study exploring the purposes of financial accounting and reporting of state and local governments. The FAF, as part of its oversight of the Governmental Accounting Standards Board (GASB), commissioned the study to provide insights to the Board of Trustees on how the GASB can best serve stakeholders within the context of its mission.

Ukrainian financial markets regulators increase fines for non-disclosure of information

The National Securities and Stock Market Commission wants stronger market discipline for almost 9 thousand joint-stock companies which do not always disclose information on their business activity on time. For violation of time frames to present and publish information in publicly available databases financial market participants will be fined for up to 17 thousand UAH (more than 2 thousand USD).

USA further increasing pressure on Swiss banks

The US Department of Justice has increased pressure on the banking sector of Switzerland by sending another request to Bern, asking for information on American clients’ accounts. Swiss bankers fear that such interest to their business from the side of tax services of simultaneously several countries may lead to a large outflow of clients. As a result, within 5 years each third financial institution in Switzerland may seize to exist.

NYSE Euronext wants to create an “Entrepreneurs’ Exchange”

The main operator of financial markets in New York, Paris, Amsterdam, Brussels and Lisbon (NYSE Euronext Inc.) intends to create a pan-European “Entrepreneurs’ Exchange” to provide easier access of entrepreneurs to funds provided by investors.

Minfin approves tougher requirements for insurers in Russia

The Ministry of Finance has made rules for insurance companies’ tougher. Their assets should become less risky to make sure their clients get what they deserve in times of massive insurance payments, when money deficits are quite frequents. This won’t have any influence on insurance fees, though.