Новости

Accounting rule-setters to re-examine management role: in “going concern” assessment

U.S. accounting rulemakers are expected to revisit soon a 2008 proposal that would address the knotty issue of "going concern" warnings, seeking to better assure that alarms are sounded before companies fail.

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

The SME Implementation Group (SMEIG) has today published five draft Questions & Answers (Q&As) on the IFRS for SMEs.

Europe approves tighter regulatory control over economies

EU member states will no longer be able to ignore warnings of the European Commission demanding immediate corrections to the budgetary policy because the European Parliament approved during the meeting this Wednesday the so-called “six-pack” regulations aimed at better control over economic policies of member states, increased transparency and better statistical reporting.

Tax on financial transactions stands ready

The European Commission has prepared a law which will introduce a new tax on transactions with financial securities - on that informed the body’s president Jose Manuel Barroso.

Deloitte Sued for $7.6 Billion over Mortgage Lender Audits

Deloitte & Touche has been sued by the trustees for a bankrupt mortgage lending company for failing to detect the financial fraud that led to the company’s collapse.

Quarterly reports could disappear under EU plans

Listed companies might cease quarterly financial reporting if a new European Union transparency proposal comes into force.

“Trash can” for European bonds

The European Union is discussing to idea to create a special “trash” company to repurchase debt of all problematic countires. The plan intends to lower pressure on EU member states in the heat of the crisis and to support European banks which hold significant stake in those sovereign bonds.

European Commission will protect taxpayers at the expense of problematic banks’ owners

To protect interests of deposit holders - clients of problematic European banks, the European Commission wants to step onto interests of those banks’ owners and creditors: the lawmakers are preparing to launch a new law which will even allow governments to take away shares of bankrupting banks’ owners - in other words, to expropriate.

S&P will keep Russia’s ratings, never mind the political reshuffle

At the moment Russia has BBB on its obligations in foreign currency. The international rating agency Standard & Poor’s does not plan to review the country’s ratings in the nearest future even because of the most recent news that came from its political circle.

“Big Four” business model under attack

The business model of the “Big Four” accounting firms is under attack from the European Commission, which is pushing for tough rules that would force the firms to abandon their consultancy businesses and share audit work with smaller rivals.