Новости

IAASB Addresses Auditing Considerations Relating to Financial Instruments

The International Auditing and Assurance Standards Board (IAASB) today released International Auditing Practice Note (IAPN) 1000, Special Considerations in Auditing Financial Instruments, to provide important practical assistance to auditors when addressing valuation and other considerations pertaining to financial instruments.

IASB and FASB issue common offsetting disclosure requirements

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today issued common disclosure requirements that are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position. The eligibility criteria for offsetting are different in International Financial Reporting Standards (IFRSs) and U.S. Generally Accepted Accounting Principles (US GAAP).

Russia joining the WTO: Putin signs the document

Russia’s prime-minister Vladimir Putin today signed the document which officially finalizes the procedure of Russia’s joining the World Trade Organization.

Micro-entities to escape accounting red tape

Small buzinesses could soon be exempt from financial reporting requirements following a vote in the European Parliament.

Banks' use of IFRS challenged

Banks are using accounting loopholes to inflate their profits and bolster staff bonuses, according to a report published by the think tank, the Adam Smith Institute.

Minus one obstacle for investing in Russian banks

From now on, foreign companies under state control will be able to fully purchase Russian banks having the Federal Security Service’s license for cryptography and encrypting.

At the edge of recession: Fitch downgraded ratings of 6 global banks

The agency told that the reason for that had become the European debt crisis and serious problems in the banking sector.

Russians confuse Ponzi schemes with something else

Less and less Russians are financially educated enough to distinguish signs of a Ponzi scheme (or a “financial pyramid”, the name by which those entities are most commonly known here).

IFAC Updates Practice Management Guide for SMPs

The Small and Medium Practices (SMP) Committee of the International Federation of Accountants (IFAC) today released the second edition of its Guide to Practice Management for Small- and Medium-Sized Practices (PM Guide).

English-language version of IFRS for SMEs training Module 33 Related Party Disclosures available

We have posted the English-language version of IFRS for SMEs training Module 33 Related Party Disclosures. Module 33 focuses on the presentation of related party disclosures in the financial statements in accordance with Section 33 Related Party Disclosures of the IFRS for SMEs.