Новости

FASB Awaits Decision on Private Company Accounting Changes

Financial Accounting Standards Board chair Leslie Seidman has been reviewing the suggestions that have been coming in about the proposed Private Company Standards Improvement Council while awaiting a decision on how much authority her board will have over the new council.

CFTC Final Rule on Real Time Public Reporting on Swap Data

The Commodity Futures Trading Commission issued a final rule today outlining the requirements for swap dealers and participants to provide real-time swap transaction, volume, and pricing information to the public.

Accounting Standard for Uncertain Income Tax Positions Needs Tweaking

The Financial Accounting Foundation has conducted its first post-implementation review of an accounting standard, starting with FIN 48, “Accounting for Uncertainty in Income Tax Positions,” and found it generally achieved its purpose, though it still needs some improvement.

All large companies will be checked for their offshore operations

The Accounts Chamber of the Russian Federation plans to check all state corporations and companies under the government control for their operations in offshore zones.

Financial directors from different countries have to choose between developed and emerging markets

Out of 750 financial directors in companies around the world who participated in the survey 2/3 replied that their organizations failed to effectively distribute resources between emerging and developed markets.

Minfin of Russia doesn’t want to change qualification rules for auditors

Looks like auditors in Russia will have to apply to higher authorities to have their request satisfied. The finance ministry of Russia (meaning its Audit Council) has rejected their demand to change the qualification order. Again.

Deloitte US alert on accounting for Eurozone sovereign debt holdings

Deloitte (United States) issued an alert regarding the impairment of Greek government bonds (GGBs) and debt issued by other Eurozone states. The alert notes that under US GAAP and IFRSs, GGBs and other loans that are issued by the Greek state are impaired (other-than-temporarily impaired in the case of GGBs) as of 31 December 2011.

Minfin of Russia draws amendments to the law on joint-stock companies

The finance ministry of Russia has prepared a draft set of amendment to the law on joint-stock companies (JSCs).

Accounting Standard for Uncertain Income Tax Positions Needs Tweaking

The Financial Accounting Foundation has conducted its first post-implementation review of an accounting standard, starting with FIN 48, “Accounting for Uncertainty in Income Tax Positions,” and found it generally achieved its purpose, though it still needs some improvement.

CFA Institute’s recent study deals with risks of information disclosure around financial instruments

In relation to the ongoing sovereign debt crisis and negative consequences of the economic crisis of 2007-2009, one of the biggest issues for investors are still the risks in financial instruments. To study the subject deeper, experts of the CFA Institute have undertaken their new research.