Новости

Brussels proposed to issue Eurobonds unique to all 17 member states

The European Commission suggested issuing Eurobonds unique to all 17 members of the Eurozone. The most important question that has been troubling financial markets for the last several months is growth return rate for sovereign debt securities of certain European countries like, for instance, Italy and Spain.

PCAOB enters into cooperative arrangement with Taiwan

The Public Company Accounting Oversight Board today announced a cooperative agreement with the Financial Supervisory Commission of Taiwan for the oversight of auditors that practice in both of the regulators' respective jurisdictions.

CB of Russia fights further with money laundering

As part of its anti-money laundering activity the Central Bank of the Russian Federation proposed that banks in Russia would calculate risks separately for different types of their clients. In its proposal the Bank of Russia published a list of “suspicious” transactions which should be attended with special attention. The Association of Russian Banks (ARB) thinks that the regulator is overreacting with its new requirements.

IASB and IFAC to enhance co-operation in developing private and public sector accounting standards

The International Accounting Standards Board (IASB) and the International Federation of Accountants (IFAC) announced today an agreement to strengthen their co-operation in developing private and public sector accounting standards.

MICEX and RTS want American investors to trade freely

The Moscow Interbank Currency Exchange (MICEX) and Russian Trade Systems (RTS) want to acquire the Commodity Futures Trading Commission’s permission to trade with derivatives on their indexes. After that the united stock exchange will try to attract all American investors to trading.

Russia approves the new law on financial accountancy after all

In the second and the third readings the law “On financial accountancy” was finally approved by the State Duma’s deputies. Duma (which is the lower chamber of Russia’s parliament) acquired the law in June 2010 – it is now approved by the lower chamber and is sent for yet another approval by the Federation Council (the upper chamber). The new law will replace the previous version which goes by the same name “On financial accountancy”, but which has been in place since November 1996.

E&Y named #1 tax consultant in Russia

Ernst & Young was named the tax consultant of the year according to CHIVAS SPEAR’S Russia Wealth Management Award 2011. That’s the first Russia’s annual premium for best representatives of private banking, capital management and related industries.

Comments invited on two draft Q&As for the IFRS for SMEs

The SME Implementation Group (SMEIG) today published two draft Questions & Answers (Q&As) on the IFRS for Small and Medium sized Entities (SMEs).

MASB issues internationally compliant accounting framework and new FRSs

The Malaysian Accounting Standards Board (MASB) today issued a new MASB approved accounting framework, the Malaysian Financial Reporting Standards (MFRS Framework).

Big Four to push Brussels to scrap radical audit reforms

The Big Four accountancy firms have united in a campaign to persuade Brussels to scrap a radical shake-up of the auditing industry which is due next week.