Новости

Japan really scared of following the Eurozone’s fate

On Monday Japanese stock exchanges reacted to the S&P’s downgrade of the Eurozone’s ratings: Nikkei Stock Average fell by 1.43% in fear that Japan (with its state debt equal to $10 trillion, which is two times more than annual GDP) will become the agency’s next “victim”.

U.S. GAAP Financial Reporting Taxonomy Now Available

The Financial Accounting Standards Board (FASB) today announced the availability of the 2012 U.S. GAAP Financial Reporting Taxonomy pending final acceptance by the U.S. Securities and Exchange Commission (SEC). The FASB is responsible for the ongoing development and maintenance of the taxonomy applicable to public issuers registered with the SEC.

13 ideas to save the world

The debt crisis has spread onto the “core” European counties; the American economy and it labor marker are recovering very slowly while Asian economies (first of all, Chinese and Indian) are slowing down. The Foreign Policy magazine surveyed 13 experts, and each of them gave its own advice on how to act in today’s global economic conditions.

EFSF lost “AAA” as well

Europeans left almost without a weapon to fight with the crisis: following France and Austria, the European Financial Stability Fund lost the highest “AAA” rating as well. This is especially unpleasant news for Germany as it will have to deposit even more money in the fund.

State companies’ leaders will show their money

President Medvedev demanded from leaders of government-owned companies to report on their income (and their families’ income as well) by 1 April. The order also spreads onto joint-stock companies with large share of capital in hands of the government.

International financial center in Moscow will start to work in 2025 - PwC

The forthcoming decade will allow stock exchanges of emerging economies to outperform traditional financial centers of the world. Good news for Russia as well: the united bourse MICEX-RTS will be even more interesting in respect to foreign IPOs than Tokyo or Frankfurt.

IFRS Foundation Trustees and representatives from the Singapore Accounting Standards Council and local business community meet to discuss financial reporting matters

The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), met with representatives of the Singapore Accounting Standards Council (ASC) and the local business community on 12 January 2012.

FRC publishes An Update for Directors of Listed Companies: responding to increased country and currency risk in financial reports

The Financial Reporting Council (FRC), the United Kingdom’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, today publishes an Update for Directors of Listed Companies in the UK to assist them in responding to increased country and currency risk in their annual and half-yearly financial reports.

S&P downgrades ratings of nine European countries

On the night before Saturday the international rating agency Standard & Poor’s reviewed credit ratings of nine countries of the Eurozone, leaving the Europe’s second-strongest country (which is France) without its highest possible rating, which is AAA. The same is now true for Austria.

FASB won’t require management to make going-concern assessments

FASB will not require management to assess whether there is substantial doubt about an entity’s ability to continue as a going concern.