Новости

ESMA extends the deadline for the consultation on the considerations of materiality in financial reporting

The objective of financial statements is to provide information to a range of users for the purpose of economic decision making. To be useful, such statements must present fairly the financial position, performance and cash flows of the reporting entity.

APB Publishes Compendium of Standards and Guidance 2012

The compendium includes the amendments to the Ethical Standards for Auditors that were issued in December 2011 and the revised Standard for Investment Reporting (SIR) 2000, Investment Reporting Standards Applicable to Public Reporting Engagements on Historical Financial Information, issued in March 2011.

FRC to consult on Actuarial Standards for Pension Incentive Exercises

The FRC’s Board for Actuarial Standards (BAS) has today announced that the FRC will consult on bringing actuarial work on pension incentive exercises into the scope of its technical actuarial standards (TASs).

FAF Releases Updated Print Edition of FASB Accounting Standards Codification®

The Financial Accounting Foundation (FAF) today released an updated print edition of the Financial Accounting Standards Board’s Accounting Standards Codification®, the single, authoritative source of U.S. Generally Accepted Accounting Principles (U.S. GAAP) for public and private companies, not-for-profits and other non-governmental organizations.

NAUFOR proposed ideas to develop the investment market in Russia

The National Association of Securities Market Participants (NAUFOR) has sent a letter to the State Duma’s first deputy chairman Alexander Zhukov. The letter contains their suggestions for further development of the investment market in Russia. Among other things they suggested creating a pension compensation fund.

Accounting academic says FRC should be scrapped

An accounting academic has said that the Financial Reporting Council (FRC) should be scrapped because it has failed to deal with major accounting and auditing problems highlighted by the banking crisis and supported "onerous and costly" reporting rules for small and medium-sized businesses.

Solvency II will kill DB schemes and bankrupt business

The National Association of Pension Funds, trade union TUC and Confederation of British Industry joined forces today to persuade European policy makers not to make pension schemes subject to Solvency II funding requirements under a new directive.

Uniform audit qualification again delayed in Russia

The new order is now expected to come into force on 1 July 2012 instead of 1 January despite the fact that former qualification certificates of publicly accountable auditors officially expired on 1 January 2012.

FRC publishes paper on its comply or explain approach to Corporate Governance

The Financial Reporting Council has taken steps to promote a better understanding of explanations under its comply-or-explain approach to corporate governance in a paper published today.

New Azeri, French, Kazakh, Russian and Spanish translations available online

The IFRS Foundation is pleased to announce the publication of new translations of IFRS standards.