Новости

IVSC calls for views on valuation of trade related property

The International Valuation Standards Council (IVSC) has released a discussion paper on the valuation of trade related property, which includes buildings or other structures that are purpose built for a specific type of business activity. Examples of trade related property include hotels, theatres and fuel stations, together with others such as bars, restaurants, casinos, clubs, and healthcare properties.

FAF Seeks Survey Participants for Post-Implementation Review of FASB Statement No. 141R

The Financial Accounting Foundation (FAF), the oversight body of the Financial Accounting Standards Board (FASB), is seeking interested stakeholders who would like to be considered to participate in a post-implementation review (PIR) survey of FASB Statement No. 141R, Business Combinations. The survey will help the FAF evaluate the effectiveness of the accounting standard by hearing from users, preparers, auditors, academics, and regulators that are affected by it.

Ernst & Young refuses to write about Kremlin’s “political monopoly”

The international audit company Ernst & Young changed its mind and refused to write about Kremlin’s “political monopoly” in its recent report on global mergers and acquisitions.

LIBOR may change dramatically

Next week the British financial ministry plans to present several new options of how to define the London Interbank Offered Rate (LIBOR). The reform will be carried out by the Financial Services Authority with Martin Wheatley in charge of the project.

Europe forces consultation on two anti-avoidance rules

A consultation has been launched on the reform of two anti-avoidance provisions by the taxman after the European Commission found existing rules contravened its free market principles.

Audit reporting rules could see duel accounting

With the IAASB adding its voice to calls for fundamental change to auditor reporting, the clamor for auditors to opine on company-specific information has reached a din that the profession can no longer ignore.

FASB seeks input on private company decision-making framework

The Financial Accounting Standards Board (FASB) today issued an Invitation to Comment on a staff paper that outlines an approach for deciding whether and when to modify U.S. Generally Accepted Accounting Principles (GAAP) for private companies. The paper, Private Company Decision-Making Framework: A Framework for Evaluating Financial Accounting and Reporting Guidance for Private Companies, contains initial FASB staff recommendations for criteria to determine whether and in what circumstances it is appropriate to adjust financial reporting requirements for private companies following U.S. GAAP. Stakeholders are asked to provide input on the document by October 31, 2012.

IASB Editorial corrections and changes published

The editorial team of the IASB published today a collection of editorial corrections.

EFRAG and OIC issue questionnaire on impairment requirements for goodwill

EFRAG and OIC has issued a questionnaire on impairment requirements for goodwill. EFRAG and OIC hope that as many as possible would wish to complete the questionnaire before 30 September 2012.

Facebook publishes its first quarter accountancy

The largest social network Facebook has published its first financial accountancy as a public company. In the second quarter of 2012 the company incurred losses of $157 million. Investors expressed their deep disappointment by “dropping” the shares even further.