Новости

New version of Statutory Money Purchase Illustration Rules published

The FRC’s Board for Actuarial Standards (BAS) has published a new version (2.0) of Technical Memorandum (TM1): Statutory Money Purchase Illustrations.

FASB defers certain aspects of comprehensive income Accounting Standards Update

The Update defers the specific requirement to present items that are reclassified from accumulated other comprehensive income to net income separately with their respective components of net income and other comprehensive income.

Minfin wants to prohibit opening of foreign banks’ offices in Russia

The Ministry of Finance has prepared a draft law to prohibit opening of foreign banks’ branches in Russia. The document was published at the Minfin’s website today.

Russian banks will be fully disclosed to their clients

Banks in Russia got a very unpleasant “present” for the New Year: starting from January 1, information on all ongoing audits and inspections, sanctions for administrative violations, and imposed restrictions will be disclosed at the Central Bank’s website.

RTS-MICEX investors sent to brokers

Consequences of the unprecedented failure on the first day of MICEX-RTS working as a whole were yesterday discussed by the committee on derivatives markets. Participants of the meeting decided to improve mechanisms of cooperation between the stock exchange and brokers. As a start, they left brokers to solve the question on compensation of losses incurred by investors on 19 December during the crash.

Discussion Paper “Improving the Financial Reporting of Income Tax”

The European Financial Reporting Advisory Group (EFRAG) and the Accounting Standards Board (UK ASB) of the FRC have published today a Discussion Paper “Improving the Financial Reporting of Income Tax”. The Discussion Paper results from a project developed by EFRAG and the UK ASB jointly, as part of EFRAG’s proactive agenda.

IAASB focuses on capital markets; issues new assurance standard on pro forma financial information

Pro forma financial information included in an issuer’s prospectus illustrates the impact of a proposed acquisition, equity or debt issuance, or other transactions on the issuer’s historical financial information as if such event or transaction had occurred at an earlier selected date.

Professional accountants’ contribution in the current economic difficulties: enhancing transparency and confidence

As the end of the year approaches, when many entities in the private and the public sector will have to prepare financial reports, FEE believes that the European accountancy profession needs to play a key role by contributing to the transparency and reliability of financial and non-financial information.

Pension funds in Russia may be forced to meet new capital requirements

Non-government pension funds in Russia have been acting aggressively on the market for obligatory pension insurance, and this produced a negative effect on their financial stability. The indicator used in their respect instead of traditional capital adequacy is called “property to support statutory activity”.

Putin supports the idea of liquidation of separate tax accounting

Russia’s prime-minister Vladimir Putin expressed support for the proposal made by the all-Russian public organization “Business Russia” on liquidation of separate tax accounting as a phenomenon.