Новости

HSBC accused in having close relations with drug dealers and Russians

A special investigatory subcommittee of the US Senate has concluded its investigation of HSBC, upon which it blamed the investment bank in maleficent neglect of safety measures against money laundering, also in evading the restriction on financial operations with Iran and other restricted jurisdictions (“rogue states”).

Auditor SROs asking the FFMS of Russia to take their wishes into account

Top governance of Russia’s largest self-regulatory organizations of auditors have addressed chairman of the Federal Financial Markets Service Dmitry Pankin, asking for the Central Depository to take their (not only its own shareholders’) wishes into account when setting tariffs. Desires of independent market participants should be carefully considered as well, they say.

Minfin asking auditors’ SROs to make sure audit fees are justified

The Ministry of Finance of the Russian Federation is still receiving messages on cases where audit companies set their tariffs unjustifiably low.

IFRS Foundation Trustees respond to SEC staff IFRS report

The Trustees of the IFRS Foundation have issued a statement on the publication of a staff report representing the final element of the Work Plan developed by the staff of the US Securities and Exchange Commission (SEC). The statement notes 'regret' that the report is not accompanied by a recommended action plan for the SEC.

SEC Staff Publishes Final Report on Work Plan for Global Accounting Standards

The Securities and Exchange Commission’s Office of the Chief Accountant today published its final staff report on the Work Plan related to global accounting standards.

Towards a Disclosure Framework for the Notes

The European Financial Reporting Advisory Group (EFRAG), the Autorité des Normes Comptables (ANC) in France, and the Financial Reporting Council (FRC) in the United Kingdom have published today a Discussion Paper, “Towards a Disclosure Framework for the Notes”. The Discussion Paper is the result of a joint project between EFRAG, the ANC and the FRC, as part of EFRAG’s proactive agenda.

Where do they take money for IFRS development?

The annual IFRS Foundation’s financial report for 2011 holds the answer to that question. 20% of all proceeds are attributed to the body’s own income (selling of subscription and other related services). The remaining 80% are contributions by interested parties and counties. So who pays the most?

Concerns raised over evidence for proposed EC audit reforms

Controversial plans to reform the audit market suffered another setback this week as the European Parliament raised concerns about the evidence base for the proposals.

Minfin working on a standard for audit planning

The Ministry of Finance of the Russian Federation has published an announcement, informing on commencement of development of a new standard on auditing – “Audit planning”.

Barnier vows to clampdown on Libor rigging “cesspit”

EU commissioner Michel Barnier is proposing new rules that would make it illegal to manipulate benchmark indices such as Libor and Euribor.