Новости

Greece says “yes” to debt restructuring

Yesterday Greece’s parliament approved the debt restructuring program which provides exchange of circulating federal bonds for the new ones with simultaneous write-down of 50% of their nominal value.

Russian banks will be let to insurers after all

The Ministry of Finance of the Russia Federation will return banks their former right to act as insurance agents. However, the ministry will do that under a certain condition which is disclosure of fees by insurers and their brokers.

APB publishes exposure draft of revisions to its reporting ISAs (UK and Ireland) 700, 705 and 706

The APB’s primary objective in proposing these revisions is to enable its clarified reporting ISAs (UK and Ireland) to be used by auditors in the Republic of Ireland.

PCAOB to consider proposed standard on related parties, significant unusual transactions, and conforming amendments to include broker-dealer auditors to board rules and forms

The Public Company Accounting Oversight Board has scheduled an open meeting for Tuesday, Feb. 28, at 9:30 a.m., to consider issuing for public comment a proposed auditing standard on related parties and proposed amendments to other auditing standards to address certain related issues, including significant unusual transactions.

Editorial corrections to bound volumes and single IFRSs published

The editorial team of the IASB published today a collection of editorial corrections.

Restrictions on foreigners’ participation in small business may be lifted

Restrictions on participation of foreign investors in capital of small Russian companies may be lifted. The Ministry for Economic Development is working on such possibility today.

Russian lawmakers are trying to solve the auditors problem with two laws

Apparently, Russian lawmakers failed to solve the problem of uniform certificates on hands of auditors (too many failed the exam and just don’t have them to be able to provide their services further!) – as a result, they are now considering different ways to solve it.

Bank bonuses in Russian banks will be put under strict control

Efficiency and transparency of bonuses in banks will directly affect resulting economic position of a bank, intensity of supervision and, in certain cases – even access to refinancing in the Central Bank.

SEC seen mulling weaker role for FASB

A subtle shift in word usage yesterday by James Kroeker, the Securities and Exchange Commission’s chief accountant, may signal the SEC’s acceptance of the possibility of an end to the “special relationship” between the U.S. Financial Accounting Standards Board and the International Accounting Standards Board, according to a New York–based adviser of the IASB.

GASB Issues Newly Expanded, Revised User Guide on Local Government Finances

How does your state or local government pay for the services it provides? What is the cost to taxpayers to provide those services? How much does your government owe, and to whom? Does your government have enough money to meet its long-term obligations to bondholders and retired public employees? Is your government’s fiscal health improving or declining?