Новости

Basel Committee calls for more internal audit powers in banks

The Basel Committee on Banking Supervision - conducting its first major review of the internal audit function in banks since 2001 – proposes banks empower their internal auditors with more authority and independence to help avert another banking crisis.

Credit squeeze to intensify across Europe as rising defaults force banks on a diet

According to Ernst & Young’s European Banking Barometer, banks are avoiding big restructuring and business development projects and instead are focusing on housekeeping as pressures from the wider economy deepen and new regulation further hits balance sheets. Lending to all major industries will be hit, and banks predict rising defaults across all major sectors in Europe.

FRC consults on its priorities and funding for 2012/13

The Financial Reporting Council (FRC) has today published its draft priorities and funding proposals for 2012/13 in advance of its Annual Open Meeting which will be held on Tuesday, 20 March 2012.

Central Depository of Russia getting ready to work

The Federal Financial Markets Service (FFMS) has developed its first normative regulations for the Central Depository – today it is the order of formation of the Central Depository’s Users Committee.

The Accounting Standards Council completes its review of the plans for full convergence with IFRSs for Singapore listed companies

The Accounting Standards Council (ASC) has completed its review of the plans for full convergence of the Singapore Financial Reporting Standards (SFRSs) with the International Financial Reporting Standards (IFRSs) for Singapore incorporated companies listed on the Singapore Exchange (Singapore listed companies). It has concluded that full convergence will not be implemented in 2012.

FEE comment letter on proposed European Commission Directive

The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has publicly released its comment letter on the European Commission proposal for a Directive on the Annual Financial Statements, Consolidated Financial Statements and Related Reports of Certain Type of Undertakings, including comments on amended Transparency Directive, which were released by the Commission on 26 October 2011.

Management companies in Russia may lose one of the main sources of income

Russian management companies are in danger of losing one of the main sources of wealth: the Ministry of Finance is seriously considering the possibility to allow non-government pension funds to invest on their own, without support of management companies. If they – non-government pension funds - are to do that, they will have to propose their clients several different types of investment portfolios.

PCAOB Addresses Emerging Audit Issues in the 2012 Forum on Auditing in the Small Business Environment

The Public Company Accounting Oversight Board today announced the 2012 schedule and agenda for its first Forum on Auditing in the Small Business Environment. The forums, which are updated as new information becomes available, are designed to share important information about PCAOB activities with registered public accounting firms that have clients operating in the small business community.

Russia’s own Code of ethics for professional accountants changes name and content

Russia has own Code of ethics for auditors which was approved by the Audit Council in 2007. This document acts as two separate documents simultaneously: as independence rules for auditors and as the ethics code itself. Text of the new Code is now published as a draft version.

Distinct or bundled? FASB and IASB discuss revenue proposal

Distinguishing whether goods and services should be reported as distinct or bundled is one of the most frequently discussed areas of FASB’s joint proposal with the International Accounting Standards Board (IASB) for recognizing revenue from contracts with customers, officials said Wednesday during an educational webcast.