Новости

FASB Issues Proposed Accounting Standards Update - Consolidation (Topic 810)

The objective of the amendments in this proposed Update is to resolve the diversity in practice about whether Subtopic 810-10, Consolidation - Overall, or Subtopic 830-30, Foreign Currency Matters - Translation of Financial Statements, applies to the release of the cumulative translation adjustment into earnings when a parent no longer holds a controlling financial interest in a group of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a consolidated foreign entity.

IFAC Proposes Revised Statements of Membership Obligations

The Board of the International Federation of Accountants recently approved proposed revisions to the Statements of Membership Obligations (SMOs) to be released for public comment. The SMOs form the basis of the IFAC Member Body Compliance Program.

PCAOB Publishes Staff Audit Practice Alert on Assessing and Responding to Risk in the Current Economic Environment

The Public Company Accounting Oversight Board today published a Staff Audit Practice Alert to assist auditors in identifying matters related to the current economic environment that might affect the risk of material misstatement in financial statements and, therefore, require additional audit attention.

FASB and IASB chairs discuss global accounting standards

At the AICPA National Conference on Current SEC and PCAOB Developments, FASB Chairman Leslie Seidman and IASB Chairman Hans Hoogervorst discussed global accounting standards and the possible future endorsement of IFRSs by the US Securities and Exchange Commission (SEC).

Minfin almost done with endorsement of IFRS in Russia

Before the end of the year the finance ministry of Russia plans to prepare provisions for preparation of international accountancy by companies of the military defense complex. This was announced by Anton Siluanov, temporary in charge of the ministry instead of resigned Alexei Kudrin.

PCAOB Enters Into Cooperative Agreement with the Netherlands

The Public Company Accounting Oversight Board today announced that it has entered into a cooperative arrangement with the Netherlands Authority for the Financial Markets (AFM) for the oversight of auditors that practice in the regulators' respective jurisdictions. The two regulators plan to hold a formal signing ceremony in January.

Europe gets “negative”

Standard & Poor’s has lowered its expectations in respect to ratings of 15 European countries: the outlook is now "negative". Among those are Germany, France and other countries with generally high ratings - AAA. This basically means that their ratings may be reviewed during the next half a year – and downgraded by 1-2 grades.

US stalls on accounting rules

A top U.S. regulator on Monday added several more months to years of deliberation on whether the United States would switch to global accounting rules used in 120 countries.

RTS-MICEX will let everyone to foreign currency markets

The united Russian MICEX-RTS stock exchange wants to liberalize the currency market: it is ready to give companies free access here. Today they are working through banks, but if the united stock exchange makes it real, banks will lose more than 1 billion roubles in fees.

IFAC Comments on European Commission Proposed Legislation

The International Federation of Accountants (IFAC), the global organization for the accountancy profession with members and associates in 127 countries, commented on the European Commission (EC)’s proposed legislation, issued this week.