Новости

ECB will have to do better than – Fitch

The European Central Bank will have to do better to prevent the Eurozone’s collapse – thinks David Riley, head of the sovereign debt unit at Fitch Ratings. Otherwise, a global cataclysm will shake the world.

Finance ministry of Russia intensifies control over micro entities

The Ministry of Finance of the Russian Federation has finished its new draft law to intensify control over micro financial entities.

ICAEW launches a new website on auditing

ICAEW experts try to keep the topic under full coverage: starting with basics of what audit is about, they keep in mind recent trends and “options for change”.

IAASB Disclosures Feedback Statement; Shares Global Insights to Support Essential Collaboration and Cooperation

The International Auditing and Assurance Standards Board (IAASB) today released a Feedback Statement on the responses to its January 2011 Discussion Paper, The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications.The Discussion Paper solicited views and perspectives of different stakeholder groups on the challenges arising as financial reporting continues to evolve to meet the changing needs of users.

FASB Issues Proposed Accounting Standards Update - Revenue Recognition

Revenue is a crucial number to users of financial statements in assessing an entity’s financial performance and position. However, revenue recognition requirements in U.S. generally accepted accounting principles (GAAP) differ from those in International Financial Reporting Standards (IFRSs), and both sets of requirements need improvement.

Real estate taxes in Russia won’t be for at least 5 years more

Introduction of the real estate tax in Russia is again postponed until 2017. In the meantime, officials plan to collect taxes by calculating property’s market value.

FFMS fighting with inequality

Head of the Federal Financial Markets Service of Russia Dmitry Pankin called to eliminate misbalances in taxation in different types of investment activities. According to him, taxes should be collected equally from all possible types of investment.

EC v the rest on audit, says CBI

The European Commission has pulled off some feat with its proposals for audit market reform. It has united businesses, investors, the ‘Big Four' and even on some points emerging and mid-sized auditors in their criticism of the proposals.

Deloitte, like PwC, KPMG, Seared in Inspection Report

Audit regulators have handed out another blistering Big 4 inspection report, this time to Deloitte & Touche, calling out double the number of audit problems from the prior year.

Saxo Bank’s shocking predictions for 2012

Each year experts of Saxo Bank publish their very unlikely, although potentially possible “shocking” predictions. This year is not an exemption. Let’s see what investors should potentially be aware of in 2012.