Новости

Increasingly unstable relations and disagreements in the field of taxation – E&Y

Companies and government authorities around the world fixing increased instability and more disagreements in taxation-related issues. More tax disputes are expected in the nearest future.

EU Banks Face $270 Billion Goodwill Hangover for Past Purchases

European banks may have to write down some of the $270 billion of goodwill from their purchases in the run up to the financial crisis before they can sell assets, or new stock, to bolster capital.

Universal payment cards delayed in Russia

One of the Russia’s most ambitious federal projects announced by the president Dmitry Medvedev in 2009, is in fact at the edge of a big failure: for one and a half months left till the official launch of the program and distribution of payment cards among the population it was decided to postpone the launch for 1 year.

EFRAG’s draft comment letter on the IASB's ED Government Loans (Proposed Amendmends to IFRS 1)

EFRAG has issued its draft comment letter on the Exposure Draft - Government Loans (Proposed Amendments to IFRS 1). The letter can be downloaded here. Comments are invited on the letter by 27 December 2011.

The new accounting law in Russia may be further postponed

The State Duma’s committee on budget and taxes has prepared the draft law “On financial accountancy” for its second reading. The problem is that yet there isn’t any date set for it.

CB of Russia intensively fines banks for money laundering

Sanctions applied to Russian banks for violation of anti-money laundering regulations have increased dramatically. For the third quarter alone the Central Bank has opened twice more such cases than before. That’s the effect of amendments to the legislation which obliged the Bank of Russia to fine all banks and their employees without exception if they violate the anti-money laundering law.

European commission allowed suing the “Big Three”

Three largest international CRAs may soon face certain difficulties with their European business: yesterday, after continued and intense discussions, the European commission finally approved a set of legislative initiatives aimed at tighter “rules of the game” for those who – according to many experts’ opinion – bear direct responsibility for the financial crisis.

FAF comments on SEC “condorsement” paper

The Board of Trustees of the United States Financial Accounting Foundation (FAF), the oversight body for the Financial Accounting Standards Board (FASB), has written to the United States Securities and Exchange Commission (SEC) in relation to the SEC's May 2011 paper on the possible incorporation of International Financial Reporting Standards (IFRS) into U.S. GAAP (the “condorsement” approach).

European crisis may drown American economy

The probability of recession in the USA in 2012 exceeds 50%. Those are the estimates provided by the report of the Federal Reserve Bank of San-Francisco.

Russian businesses lack qualified personnel for successful development

Deficit of qualified labor force became the main obstacle for business development in Russia. According to Grant Thornton International which surveyed 2.7 companies in 39 counties, 34% of Russian businessmen felt it in the third quarter of 2011.