Новости

EFRAG calls for candidates for its Technical Expert Group (TEG)

The European Financial Reporting Advisory Group (EFRAG) has called for applications for candidates for its Technical Expert Group (EFRAG TEG), in light of the present mandate period for six of the twelve members of the EFRAG TEG expiring on 31 March 2013.

EFRAG Draft Comment Letter on the IFRS Interpretations Committee's Draft Interpretation DI/2012/1

EFRAG has issued its draft comment letter on the IFRS Interpretations Committee’s Draft Interpretation DI/2012/1 Levies Charged by Public Authorities on Entities that Operate in a Specific Market. The letter can be downloaded here. Comments on the letter are invited by 22 August 2012.

LIBOR could have been manipulated with upon the government’s request - Barclays

The story’s becoming even more scandalous. New information published in Great Britain indicates that it is quite possible the LIBOR rate could have been purposefully manipulated with not only by banks (of course!), but upon request from the government and the Bank of England itself.

Russia’s parliament approves joining the WTO

The State Duma’s committee on economic policy, innovative development and entrepreneurship has issued a positive review to the draft law on Russian Federation’s joining the Marrakesh Agreement Establishing the World Trade Organization from 15 April 1994.

FASB Issues Proposed Accounting Standards Update - Presentation of Financial Statements (Topic 205): The Liquidation Basis of Accounting

There is minimal guidance that addresses when it is appropriate to apply, or how to apply, the liquidation basis of accounting. Consequently, there is diversity in practice. The guidance in the proposed amendments is being issued to clarify when an entity should apply the liquidation basis of accounting and to provide principles for the measurement of assets and liabilities under the liquidation basis of accounting as well as any required disclosures.

MASB extends transitional period for agriculture and real estate companies

The Malaysian Accounting Standards Board (the Board) has decided to allow agriculture and real estate companies (Transitioning Entities) to defer the adoption of the Malaysian Financial Reporting Standards (the MFRS Framework) for another year. MFRS will therefore be mandated for all companies for annual periods beginning on or after 1 January 2014. This decision comes after an extensive deliberation by the Board and taking into account both local and international developments affecting these standards.

IPSASB Publishes Consultation Paper on 2013-2014 Work Program

The International Public Sector Accounting Standards Board (IPSASB) today released for comment the Consultation Paper, Consultation on IPSASB Work Program 2013–2014. This is the first public consultation by the IPSASB on its work program. It signals the IPSASB’s intent to continue this practice and consult publicly on future work programs.

Congress may need to amend Sarbanes-Oxley for PCAOB

One of the proposals that drew comments at the Public Company Accounting Oversight Board’s roundtable meeting last Thursday on mandatory audit firm rotation was the idea of allowing the PCAOB to share its inspection reports directly with the audit committees.

2012 Editions of the Handbooks from IAASB, IESBA, and IPSASB

The International Federation of Accountants (IFAC) today announced the availability of the 2012 editions of the handbooks from the International Auditing and Assurance Standards Board (IAASB), International Ethics Standards Board for Accountants (IESBA), and International Public Sector Accounting Standards Board (IPSASB).

“Total control”: the Bank of Russia adopts a new accounting form for banks

The Central Bank of Russia has developed a new accounting form for credit institutions. The regulator wants to get all information on changes in interest rates on all (including off-balance sheet) liabilities.