Новости

Three months for delisting

The united Russian stock exchange MICEX-RTS informed yesterday that it was planning to get massive delisting (which commenced at the end of December 2011) in order. The bourse will be able to either prohibit delisting of shares or take them to the “sanitary” regime.

Doing businesses in Russia: bureaucracy, low demand and lack of qualified personnel

In 2011 bureaucracy remained the main obstacle for business development in Russia, and it became even more complicated. Those are the conclusions of yet another international research by the international audit company Grant Thornton International.

Globalization continues despite obscure economic perspectives – E&Y

Despite the uncertainty of economic forecasts concerning the situation around the global economy, in the majority of 60 leading counties which until now have chosen not to get into protectionism there are still strong ongoing globalization processes.

CFA Russia informs on 63 certified Russian analysts

The CFA Association (Russia) has proudly informed that by results of the June session-2011 63 Russian analysts became holders of the CFA (Chartered Financial Analyst) certificate.

ICAS comments on the business secretary Vice Cable’s executive remuneration proposals: evolution not revolution

James Barbour, technical policy director at ICAS, said: “We welcome the measured approach adopted by the Business Secretary. In the main the proposals will ensure evolution not revolution of executive remuneration, ultimately leading to more transparent disclosure.

Too expensive to borrow abroad: Minfin of Russia wants part of profits from issuing of Eurobonds

The Ministry of Finance of the Russian Federation wants to make life of national companies even harder if those companies are attracting European investors’ money by issuing Eurobonds though intermediary companies registered abroad (that is, so-called “SPVs”, or “special purpose vehicles”).

NASBA, AICPA Approve Revised CPE Standards

The National Association of State Boards of Accountancy and the American Institute of CPAs have both given their final approval to a revised set of standards for providers of continuing professional education programs for accountants.

FASB Publishes Proposal for Impairment of Indefinite-Lived Intangible Assets

The Financial Accounting Standards Board (FASB) today issued for public comment a proposed Accounting Standards Update on indefinite-lived intangible asset impairment testing that is intended to simplify impairment assessment and reduce the recurring costs to comply with existing guidance while improving the consistency of testing methods among long-lived asset categories for preparers.

FFMS left the license to the MICEX-RTS chairman despite the major flaws

After the scandalous market crash on the first day of work of MICEX-RTS as a single stock exchange the Federal Financial Market Service is now forcing it to pass through an audit check because its present infrastructure does not meet requirements on efficiency and safety.

PCAOB pushes for public proceedings against auditors

The Public Company Accounting Oversight Board is continuing to prod officials in Washington for the power to make public its disciplinary proceedings against auditing firms and auditors.