Новости

FASB Chairman Adds an Agenda Project on Defining “Nonpublic Entities”

The Financial Accounting Standards Board (FASB) has added to its agenda a project to re-examine the definition of a “nonpublic entity.” The decision by FASB Chairman Leslie F. Seidman to add the agenda project was based on comments from stakeholders requesting clarification of the existing definitions and ongoing questions about which definition of a nonpublic entity was being used in various projects.

Russian government approves rules for presentation of financial statements to the FFMS

The government of Russia approved rules for presentation of consolidated financial statements to the Federal Financial Markets Service by organizations with shares traded on stock exchanges.

CB of Russia wants tighter control over auditors of banks

After tightening the requirements for banks the Central Bank of the Russian Federation now turns its attention to auditors: it wants to increase their liability for audit checks. Besides, not everyone will be able to do bank audits at all.

Chairman Hans Hoogervorst discusses IASB’s future agenda and strategy

On 7 March 2012, IASB Chairman Hans Hoogervorst addressed the Consejo Mexicano de Normas de Información Financiera (CINIF) in Mexico City, Mexico. In his speech, he focused on the IASB's agenda consultation and the IFRS Foundation Trustees’ strategy review.

IFAC Releases Revisions to Policy Position Paper Two; Promoting a Single Set of Auditing Standards for All Audits, Including of Small- and Medium-Sized Entities

The International Federation of Accountants (IFAC), the global organization for the accountancy profession with members and associates in 127 countries, today released a revised version of Policy Position Paper 2, A Single Set of Auditing Standards: Audits Of Small- And Medium-Sized Entities.

Russian tax inspectors received universal instructions against tax evasion

The Federal Tax Services’ HQ systemized all known tax evasion schemes used by Russian banks today for the sake of tax optimization. The most common tricks are described in details in a separate instruction to be used by inspectors during their checks.

FASB and IASB part ways on leasing standards

The Financial Accounting Standards Board and the International Accounting Standards Board are not seeing eye to eye on an important component of their leasing standards project involving income statement changes for lessees.

Monitoring the work of audit firms from outside the European Union

The Professional Oversight Board today published for consultation proposals on the external monitoring of auditors of companies from outside the EU that have issued securities on the London Stock Exchange.

For Russian companies, it is possible to avoid unscheduled tax inspections

There are certain criteria by which a company or an individual entrepreneur may evaluate its own financial position. Virtually for all business-entities and entrepreneurs it is possible to estimate probability of appearance of tax inspectors in their offices.

CB of Russia finished with stress-testing

For the first time since 2008 the Bank of Russia publishes results of stress-testing of the banking system. According to its estimations, national credit organizations are well prepared for possible consequences of the European crisis.