Новости

With SEC Decision on IFRS Anticipated by Year-End, PwC Releases New Guide Comparing Accounting Standards

As the SEC contemplates changes that would significantly change the US financial reporting system, PwC US today released an updated edition of its popular “IFRS and US GAAP: Similarities and Differences” guide.

French ANC proposes simplification of accounting obligations for small listed companies in Europe

In accordance with the European Regulation No 1606/2002 the application of IFRSs is mandatory in the consolidated financial statements of all listed companies irrespective of their size. The French national standard setter Autorité des Normes Comptables (ANC) has now published a proposal for the simplification of the accounting requirements for small listed companies.

European summit in danger of another fail

Taking into major disagreements around the anti-crisis plan, European leaders will unlikely find a solution today capable to recover market confidence

Bankers complain to the General Prosecutor

Law enforcement authorities are asking banks for too much documentation to be presented as part of their inspections to control how well banks follow anti-money laundering laws. On that informed head of the Association of Russian Banks Garegin Tosunyan in the official letter to the General Prosecutor of Russia Yuri Chaika.

U.S., Hong Kong Sign Recognition Pact for CPAs

U.S. and Hong Kong accounting organizations have inked a five-year mutual recognition agreement that would allow reciprocity between U.S. and Hong Kong CPAs. The deal, announced at the annual meeting of the National Association of State Boards of Accountancy on Monday, would eventually allow accountants to work in both the U.S. and Hong Kong, subject to approval by state boards of accountancy.

Fate of the FFMS to be sealed after the elections

Yesterday head of the Federal Financial Markets Service Dmitry Pankin informed that redistribution of powers between his ministry and the Ministry of Finance may be reviewed after the new government elections. Former governance of the FFMS thinks that lawmaking powers should be given back to the Federal Financial Markets Service.

Remarks by FASB Chairman Leslie Seidman to the NASBA

On 24 October 2011, FASB Chairman Leslie Seidman gave a speech to the National Association of State Boards of Accountancy (NASBA) on her personal views regarding three subjects. The subjects were 1) convergence status between the IASB and FASB; 2) IFRS incorporation and "condorsement"; and 3) the current stance on private companies standard-setting.

IAASB Undertakes Post-Implementation Review of Clarified ISAs; Invites Stakeholder Input

The post-implementation review is the second phase of the IAASB’s efforts to monitor the implementation of these standards. The review is focused on whether the clarified ISAs are being consistently understood and implemented in a way that achieves the IAASB’s goals in revising and redrafting them.

FFMS of Russia will check where insurers’ capital comes from

Head of the government’s registration of Russian insurers in the Federal Financial Market Service (FFMS) Irina Karabanova told that they were going to check sources of recapitalization of insurance companies.

CB of Russia published the “insider list”

Yesterday the Bank of Russia published its draft order concerning banks which may be seen as insiders, together with the list of information which may be treated as insider information. Analysts just hope that by publishing this list the Bank of Russia won’t leave market participants completely without information.