Новости

FRC publishes targeted questions for users of actuarial information

The Financial Reporting Council (FRC), the United Kingdom’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, has published a series of questions which users of actuarial information may wish to ask themselves and their actuaries.

IAASB, IFAC, and IASB Convene Standard Setters and Professional Accountancy Organizations from CIS and Baltic States to Discuss International Standards

Over 60 representatives from 12 Commonwealth of Independent States (CIS) and Baltic countries met with leadership and staff of the International Auditing and Assurance Standards Board (IAASB), the International Accounting Standards Board (IASB), and the International Federation of Accountants (IFAC) to discuss adoption and implementation of International Standards on Auditing (ISAs) and International Financial Reporting Standards (IFRSs).

The new law on financial accountancy approved by Russia’s Federation Council

The upper chamber of the Russian parliament (the Federation Council) today approved a new law on financial accountancy. This one replaces outdated provisions of the law “On financial accountancy” effective since 1996.

European crisis threatens Great Britain – Bank of England

Sovereign debt crisis in Europe is a real threat to Great Britain as well, which is why its government should be ready to act in case the crisis spreads further, informs Bloomberg with a reference to head of the Bank of England Mervyn King.

FRSME date potentially delayed

The Accounting Standards Board (ASB) of the FRC has tentatively decided to defer the effective date of the Financial Reporting Standard for Medium-Sized Entities (FRSME) until 1 January 2015, which would mean the application of FRSME to 31 December 2015 year ends onwards.

EU formally adopts IFRS 7 amendments

The European Union has published the Commission Regulation (EC) No 1205/2011 endorsing the amendments to IFRS 7 “Financial Instruments: Disclosures” published by the IASB on 7 October 2010.

IASB wants “clarity” from SEC on IFRS decision

International Accounting Standards Board chairman Hans Hoogervorst said that regardless of which way the Securities and Exchange Commission decides to go on supporting International Financial Reporting Standards, the main thing that is needed from the U.S. right now is “clarity.”

IFA is now a full member of IFAC

According to the announcement by the International Federation of Accountants, the Institute of Financial Accountants (an associate member since 2008) is now its full member. The announcement came at the annual IFAC’s meeting in Berlin.

UK/Swiss tax deal may breach EU law

The UK government may be forced to revise the new tax deal with Switzerland due to come into effect in 2013, following claims that it breaches European Union laws covering secrecy and tax evasion.

Mortgage markets in Russia await serious changes

The State Duma of Russia has approved a law on pledged property which will dramatically change the way borrowers settle their debts to banks. Very soon banks won’t be able to demand additional payment from a borrower who stopped his/her payments by the credit and had to return the apartments as payment for the bank’s credit.