Новости

Facebook goes public: Zuckerberg presented Form S-1 to the SEC

Facebook has published its Form S-1 which it obligatory for all those who wish to get listing on American stock exchanges. This form provides some understanding about business of the company which is about to make a largest IPO in the Internet industry.

Professional Accountants Need to Respond to Increasing Demands from Investors for ESG Information

The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) has published Investor Demand for Environmental, Social, and Governance Disclosures: Implications for Professional Accountants in Business.

David Loweth appointed as Director for Trustee Activities

The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), announced today the appointment of David Loweth as Director for Trustee Activities. Mr. Loweth currently serves as Technical Director of the United Kingdom (UK) Accounting Standards Board (ASB).

Citi calculated risks of possible revolution in Russia

Strong and prolonged political confrontation awaits Russia. The political pickets and meetings of both the opposition and Vladimir Putin’s supporters gathered above a hundred thousand people from both sides despite very cold weather conditions this weekend. The general picture is perfectly clear: the ones who are in charge aren’t ready to part with the authority while the opposition can’t stand it any longer. Anyway, this all leads to a simple conclusion: the unrest in Russia isn’t over, and political meetings will continue after the presidential elections with already almost certain outcome which are to take place on 4 March. Investors are going to demand higher risk premium for all the uncertainty.

Year-End SMP Quick Poll Reveals Burden of Regulation and Economic Uncertainty as Top Challenges

Regulatory burdens and economic woes continue to top the list of challenges faced by small- and medium-sized accountancy practices (SMPs) and their clients, according to the fourth quarter SMP Quick Poll results released by IFAC.

MICEX-RTS will be punished after all

Head of the FFMS Dmitry Pankin announced at the forum “Russia 2012” that they could decide positively on fining the stock exchange for 700 thousand to 1 million roubles for incomplete presentation of documents upon the Federal Financial Markets Service’s request.

Additional supervision for Russian auditors

Today in Russia audit firms are organized in self-regulatory organizations (SROs) which exercise supervision over their members. However, the Federal Service of Financial and Budgetary Oversight (aka “Rosfinnadzor”) has plans to create an external body to look after auditors from “above”.

Russian business wants to free small companies from all taxes

The all-Russia public organization “Business Russia” proposed to cancel all taxes for small companies, allowing them all to switch to the patent system without limitations.

Implementation likely to be deferred again

India has already deferred plans to implement a new set of accounting rules compatible with International Financial Reporting Standards (IFRS). This may take even longer than expected.

PCAOB to host a public meeting march 21-22 on auditor independence and audit firm rotation

The Public Company Accounting Oversight Board announced today that it will host a public meeting to obtain further input on ways to enhance auditor independence, objectivity, and professional skepticism, including through mandatory rotation, or term limits, for audit firms.