Новости

IFAC urges G-20 to take action against inconsistent, unreliable public sector financial reporting

In a letter submitted this month, the International Federation of Accountants (IFAC), the global organization for the accountancy profession with members and associates in 127 countries, urged the G-20 Deputies and Finance Ministers at their April 2012 meeting in Mexico to take action to encourage governments to seriously address the quality of public sector financial management systems and institutions. The letter, which is a follow-up to previous submissions to the G-20 in 2009, 2010, and 2011, focuses solely on public sector financial management, transparency, and accountability.

EFRAG conducts joint field-test on the general hedge accounting review draft

The European Financial Reporting Advisory Group (EFRAG), along with National Standard Setters in Europe, are conducting a joint field-test of the IASB's Review Draft on general hedge accounting.

Spain advised to fight with the crisis on its own

Spanish government should see poor results of its placement of federal bonds as a stimulus for finding underlying causes for the debt crisis – not as a reason to apply to the European Central Bank for support – said Jens Wideman, chairman of German Bundesbank (and a member of the board in the ECB).

Qualification exam for auditors to become better? Doubtful

The Ministry of Finance of the Russian Federation is doing its best to make the ongoing qualification series look better than it is. In fact, we wrote about it several times in our news – and our constants readers should be well aware that in Russia, it is far from good.

AADB launches consultation on sanctions guidance for AADB tribunals under its Accountancy Scheme

The Accountancy and Actuarial Discipline Board, an operating body of the Financial Reporting Council (FRC), today publishes a consultation document on guidance it proposes to issue to AADB tribunals on determining sanctions in disciplinary cases under its Accountancy Scheme.

Private Sector Taskforce of Regulated Professions and Industries Makes Recommendations to the G-20

The International Federation of Accountants (IFAC), the global organization for the accountancy profession with members and associates in 127 countries, has submitted, on behalf of the Private Sector Taskforce(PSTF), an update to the report Regulatory Convergence in Financial Professions and Industries (”2011 Report”), issued to the G-20 Deputies in September 2011.

Obama's Buffett Tax Fails To Pass Through US Senate

Despite pressure from President Barack Obama, the Democrat Party-led United States Senate has been unable to advance his proposed ‘Buffett Rule’ tax measure in the face of Republican Party opposition.

FFMS simplifies securities issue

The Federal Financial Markets Service of Russia together with the National Association of Securities Market Participants (NAUFOR) prepared amendments to the law to simplify financial securities issues. For example, they proposed to change rules for registration and allow circulation before the issue prospectus is registered.

“Too big to be saved”: Spain is following the path of Greece

Looks like Spain is approaching crisis: there are numerous symptoms of the “Greek illness”, such as rising yield on government bonds, seeming readiness of the government  to decrease expenses, at the same time not being able to solve all associated problems of economic and political nature on their own.

EFRAG, the ASB and the OIC organize outreach event on Proactive Discussion Papers jointly with the KSR, the KiBR and the SKwP

EFRAG, the UK Accounting Standard Board, the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - and the Polish Accounting Standards Committee (KSR) organize their joint outreach event on the discussion papers “Business Combinations Under Common Control” and “Improving Financial Reporting Of Income Tax” on 15 May in Warsaw from 12 to 15.30 pm. The outreach is organized together with the National Chamber of Statutory Auditors (KiBR) and the Association of Accountants in Poland (SKwP).