Новости

IASB and EFRAG discuss status of ongoing projects and other topics

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) met on 9 March 2012 to discuss the IASB’s ongoing work on the four major open projects and to address a number of other matters. EFRAG is the private sector body responsible for stimulating debate in Europe about the evolution of International Financial Reporting Standards (IFRSs) and for providing input to the work of the IASB, after appropriate due process, on behalf of Europe.

IASB issues amendments to IFRS 1

The amendments, dealing with loans received from governments at a below market rate of interest, give first-time adopters of IFRSs relief from full retrospective application of IFRSs when accounting for these loans on transition.

FFMS changes listing requirements

The Federal Financial Markets Service (FFMS) wants to change listing criteria for financial securities traded at MICEX-RTS. According to Russia’s main financial regulator, this will grant more opportunities for institutional investors by attracting new issuers to higher quotation lists.

Tax inspectors will fight with fly-by-night companies even harder

Experts say that this may potentially worsen Russia’s economic climate. A draft law was prepared by the Federal Financial Monitoring Service (“Rosfinmonitoring”) upon president Medvedev’s request who ordered to create an intergovernmental work group to fight with illegal financial transactions.

Island ready to exchange its national currency for any other

Island is ready to abandon its crones for euros or any other country’s national currency. On that informed its prime-minister Johanna Sigurdardottir.

Republic of Ecuador adopts IFRS for SMEs for all non-publicly accountable entities

There are approximately 60,000 such entities in Ecuador.

Sustainability data revealed easily with new reporting format

Data on the sustainability performance of companies – including carbon emissions, water use and human rights infringements – can now be easily revealed thanks to a new format for tagging data in sustainability reports, being launched today (Thursday 8 March 2012) by the Global Reporting Initiative (GRI). Sustainability experts say the new format will help people find information hidden in sustainability reports much more quickly and easily.

PCAOB plans meetings across U.S. on audit firm rotation

The Public Company Accounting Oversight Board plans to hold a series of meetings to discuss a proposal to require mandatory audit firm rotation, according to PCAOB chairman James Doty.

European major financial ministers demand approval of the Tobin tax

Eight ministers of finance of the European Union (led by the German one - Wolfgang Schauble) addressed their Danish colleagues (as Denmark is the current chair of the EU today) with a request to approve the tax on financial transactions throughout Europe in 2012.

Minfin will measure all Russian CRAs under a single scale

The Ministry of Finance of the Russian Federation has approved a single scale of correspondence for all seven rating agencies working on the Russian market and sent it to the Central Bank, the Federal Financial Markets Service, the Bank of Development, and the Ministry for Economic Development with a recommendation to use it in their work.