Новости

Moody’s reviewed Russian banking system

The international rating agency Moody’s informed yesterday on its decision to downgrade the outlook for the Russian banking system from “stable” to “negative”. Unlike in 2008, other global CRAs are not so eager to follow and downgrade their ratings as well. Also, the decision is not a threat to Russian banks if separate credit ratings’ downgrade is concerned.

Russian regulators agreed upon requirements for depositories

Regulators of financial markets in Russia managed to agree upon criteria for depositories. According to the Central Bank’s opinion, in order to be seen as safe depositories should either have 250 million roubles in capital, or should have worked on the market for at least 5 years. And not only that.

FASB Seeks Comments on Proposal on Accounting for Investment Property Entities. Seeks Comments on Proposal to Clarify Criteria for Investment Company Accounting

The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update intended to develop accounting guidance for investment property entities... The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update intended to improve and converge financial reporting by setting forth consistent criteria for determining whether an entity is an investment company.

IESBA Proposes Changes to the Code of Ethics for Professional Accountants to Address a Breach of a Requirement in the Code

The IESBA believes that any breach of a provision of the Code of Ethics for Professional Accountants (IESBA Code) should be treated as a matter of utmost importance. Therefore, the IESBA has proposed changes to the IESBA Code that will provide guidance to a professional accountant on the action to be taken in such situations.

IPSASB Issues Consultation Paper - Reporting Service Performance Information Consultation Paper

The IPSASB has approved the Consultation Paper Reporting Service Performance Information. The IPSASB considers that reporting service performance information is necessary to meet the objectives of financial reporting, which are to provide information that is useful to users of General Purpose Financial Reports (GPFR) for accountability and decision making. This project aims to present a principles-based approach to developing a consistent framework for public sector entities.

Presentation of individual accountancy in Russia may be required on quarterly basis

Quarterly accounting may be made possible for the personal income tax in Russia. This follows from one of the recent discussions of the State Duma of Russia.

Bank of Moscow published its IFRS accountancy: everything was clear even without it

The Bank of Moscow’s accountancy under international financial reporting standards published yesterday just confirmed that in June the bank, which once used to be in Top-10 Russian banks, was at the edge of bankruptcy.

Simplified taxation regime for small companies approved in Ukraine

Ukraine’s parliament (the Verkhovna Rada) has approved a draft law on simplified taxation of small businesses in it second and final reading. After being signed by the president, it will come into effect on 1 January 2012.

International audit networks merge in Ukraine

Baker Tilly Ukraine and Grant Thornton Ukraine announced their merger under a single brand name – “Baker Tilly Ukraine”

AICPA prepares for Canadian CPA expansion

The American Institute of CPAs has been holding discussions with the Canadian Institute of Chartered Accountants and CMA Canada on bringing the CPA designation up north and combining it with the CA and CMA designations.