Новости

Are you ready for the new fair value accounting?

Fair value accounting, often referred to as mark-to-market accounting, has been the subject of much discussion and controversy, and the fact that various ways of measuring fair value were spread among different International Financial Reporting Standards (IFRS) has contributed to many questions regarding fair value accounting.

FFMS of Russia wants to catch all “manipulators”

The Federal Financial Markets Service (FFMS) – the main markets regulator in Russia – has published a draft order on its website which should suppress manipulations on the market for non-liquid financial instruments. Experts note that outsourcing of those regulatory functions is done because of insufficient financing of the FFMS.

Only 53% of Indian businesses aware of new international accounting standards

Only 53 per cent of Indian businesses are aware of the impending global changes in the existing accounting standards that will impact the way they recognize and report revenue, according to a survey.

Minfin of Russia wants to impose electronic cards upon people

The Ministry of Finance wants to virtually impose bank cards upon population. The point here is to increase tax collections.

Bank of England official calls for bespoke accounting standards for banks

Senior Bank of England official Andy Haldane has set out the case for banks to be held to different accounting standards than other major companies because the existing rules have may allowed banks to overstate their profits and exacerbate their losses.

Issuers leaving MICEX-RTS in fear of the new law on insider trading

Companies are massively leaving MICEX-RTS: “Power Machines”, two subsidiaries of “Bashneft”, “Elsib”, “Tula Engineering Plant” are already our, “Red October” is getting ready to follow.

Former finance minister of Russia doesn’t think a separate European rating agency will do

Former finance minister of Russia Alexei Kudrin (who was, by the way, named the “finance minister of the year 2010” by the Euromoney magazine) doesn’t see as serious all talks about creating a separate rating agency for Europe.

ICAEW call for better bank risk reporting

ICAEW has published a report warning that banks need to consider carefully how they communicate issues such as their exposure to sovereign debts and the way they manage risks and liquidities in their 2011 year-end reporting.

Mark Weinberger elected as E&Y’s new global chairman and CEO - Jim Turley to resign in 2013

Ernst & Young informs that today Mark Weinberger was elected at the new global chairman and CEO. He is to replace Jim Turley who has been on this position since 2001 and not long ago announced his intention to leave on 30 June 2013.

Exposure Draft of the IFRS Taxonomy 2012

On 17 January, the IFRS Foundation published for public comment an exposure draft of the IFRS Taxonomy 2012. The proposed Taxonomy is consistent with IFRSs, including IASs and the IFRS for SMEs. The IFRS Taxonomy 2012 is a translation of IFRSs as issued at 1 January 2012 into XBRL (eXtensible Business Reporting Language).