Новости

IASB publishes Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12)

The International Accounting Standards Board (IASB) has today issued Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12). The amendments clarify the transition guidance in IFRS 10 Consolidated Financial Statements.

IFAC issues new guidance to help organizations improve internal control

The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) has issued new International Good Practice Guidance, 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.

Trader’s mistake may cause JPMorgan $9 billion

The old story with the so-called trader’s mistake of the American investment bank JPMorgan Chase today receives its further development. According to unannounced sources, total losses of the financial corporation as a result of the unpleasant incident which took place at the beginning of May 2012 may be even higher than it was previously estimated.

Russian civil servants will be judged by KPIs

The Ministry for Economic Development of Russia has developed a set of key performance indicators (KPIs) for civil servants working in ministries.

New sustainability reporting guidance released for public consultation

Sustainability experts, organizations and professionals can help shape the future of corporate sustainability reporting, as the Global Reporting Initiative (GRI) publishes an exposure draft of new guidance for public feedback.

New Zealand exposure drafts propose IPSAS adoption for certain public sector entities

The New Zealand External Reporting Board (XRB) and the New Zealand Accounting Standards Board (NZASB) have issued for comment a set of over 40 Exposure Drafts that propose to operationalize the new Accounting Standards Framework as it applies to Tier 1 and Tier 2 “Public Sector Public Benefit Entities” (PS PBEs, essentially public sector entities without a profit motive). The new framework is based on International Public Sector Accounting Standards (IPSAS).

Self-regulation of auditors in Russia being regulated by the finance ministry

The audit profession in Russia is currently on self-regulation, and has been like that for the last three years. However, the Ministry of Finance is getting ready to liquidate one of the self-regulatory organizations of auditors. The reason for this expulsion is a serious corporate conflict. As a result, future of 5.5 thousand auditors is now uncertain.

FFMS, CB and Minfin to work together on financial stability of Russia

The situation on international financial markets remains uneasy, so the government of Russia is preparing for possible second wave of the crisis. Following former president’s (current prime-minister’s) order issued by Dmitry Medvedev in March, the Bank of Russia sent the Ministry of Finance its suggestions on how the Financial Stability Council should work.

IASB invites comments on review of the IFRS for SMEs

The International Accounting Standards Board (IASB) has issued a Request for Information as the first step in its initial comprehensive review of the IFRS for SMEs.

Reform of the Financial Reporting Council approved by parliament

Reform of the Financial Reporting Council (FRC) was yesterday given parliamentary approval by the House of Commons and House of Lords.