Новости

Head of Gazprom asking Putin to free his company from antimonopoly regulation

In his letter to Russia’s current prime-minister and future president Vladimir Putin chairman of the board in Gazprom Alexei Miller asked for exclusion of his company from control over transfer pricing.

FASB Explains Changes to 2012 GAAP Taxonomy

The 2012 Taxonomy for U.S. Generally Accepted Accounting Principles contains nearly 600 new elements and hundreds more changes related to labels, references, and definitions to make it more workable for XBRL filings.

EBA publishes follow-up review of banks’ transparency in their 2010 Pillar 3 reports

The European Banking Authority (EBA), taking up a work carried by its predecessor CEBS, publishes today its follow-up review of bank’s transparency in their 2010 Pillar 3 reports. The review welcomes the efforts made by banks to improve their disclosures and to convey their risk profile in a comprehensive way to market participants. However, the EBA calls for further improvements and the need for greater harmonization of the disclosures provided.

IESBA 2011-2012 Strategy and Work Plan Approved

The 2011-2012 IESBA Strategy and Work Plan, which sets the direction and priorities for the activities of the International Ethics Standards Board for Accountants (IESBA), has been approved by the IESBA, the IESBA Consultative Advisory Group, and the Public Interest Oversight Board. The IESBA plans to build upon the strong base established by the revised Code of Ethics for Professional Accountants (the IESBA Code) issued in July 2009. The 2011-2012 Strategy and Work Plan is focused on three strategic areas: development of standards; adoption and implementation; and convergence.

At least 50 European banks may fail stress testing – Goldman Sachs

At least 50 out of 91 European banks may fail the next stress-testing with tighter parameters as compared to the ones which were used this July. Total deficit of bank capital required for recapitalization may reach 139 billion euro.

Ukraine Okays free trade area with CIS countries

On 18^th of October in St.-Petersburg head of Ukrainian government Mykola Azarov will sign an agreement on creation of the free trade area with CIS (Commonwealth of Independent States) countries.

Russian insurers will have to follow IFRS

The Ministry of Finance of the Russian Federation has published its new draft order “On adoption of international financial reporting standards”. It is expected that the most actively discussed standards will come into effect in 2013, after their official approval by the finance ministry.

ACCA: IFRS gaining popularity

Around 170 senior executives and investors were questioned. More than 40% said international financial reporting standards improve access to capital, while around 25% believe the global standards have lowered capital costs.

FASB Adds Agenda Project to Consider Deferring Certain Aspects of Accounting Standards Update No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income

In June 2011, the FASB issued the Update, which, among other things, requires separate presentation on the face of the financial statements of items reclassified from other comprehensive income to net income.

FRC launches UK's first Financial Reporting Lab

The Financial Reporting Council today launches the “Financial Reporting Lab” which brings together companies and investors to identify practical solutions to today's reporting problems, such as the length and complexity of reports and accounts.