Новости

Minfin proposed changes to the CPA qualification exam

The Ministry of Finance has published its draft order by which it is planning to change the qualification exam for CPAs in Russia.

Institutes to help HMRC improve performance standards

The taxman isto work closely with the accountancy profession to improve its service standards in a "groundbreaking" joint venture announced today.

Simplified financial reporting proposed for SMEs, charities

Commerce Minister Simon Power today announced proposals to simplify the financial reporting framework for small and medium-sized businesses and registered charities.

S&P downgrades Ukraine’s ratings in national currency

The international rating agency Standard & Poor’s downgraded Ukraine’s long-term sovereign rating in national currency from BB- to B+. The agency kept the long-term rating in foreign currency at B+, outlook “stable”. Besides, short-term ratings for Ukraine on its liabilities in national and foreign currencies were confirmed at the same level (B).

Greece: probability of default almost 100%

Investors estimate probability of Greece’s default during the next 5 years at almost 100%. The country’s Prime Minister George Papandreou failed to assure them that they would be able to overcome the debt crisis eventually.

CB of Russia will watch over money transfer agents

The Central Bank of Russia takes under control non-banking credit organizations which do money transfers without opening a bank account. Such entities will be obliged to present statistics on capital adequacy and liquidity to the Bank of Russia on daily basis.

PCAOB Plans Rulemaking on Identifying Auditors

Before the end of the third quarter, the Public Company Accounting Oversight Board plans to publish a proposed amendment to auditing standards that would require audit firms to identify in their audit reports the engagement partner and any outside firms or individuals who contributed to an audit.

ISO and Global Reporting Initiative increase cooperation on sustainable development

ISO, the world’s largest developer of voluntary International Standards, and the Global Reporting Initiative (GRI), developer of the world’s most widely used sustainability reporting framework, have just signed a Memorandum of Understanding (MoU) to increase their cooperation.

Progressive taxation makes people happier

If the government really cares for its citizens, it should adopt progressive taxation – that’s the conclusion of a group of sociologists from universities of Virginia, Toronto and Illinois who analyzed levels of happiness in several dozens of countries. Their conclusions are based on results of the Gallup Organization’s survey of 2007 in which 59 634 people from 54 countries participated.

Sberbank’s SPO cancelled

Some investors may be a bit disappointed by a sudden change of plans of one of the largest Russian bank’s governance: due to high volatility of financial markets and investors’ concerns around condition of American and European economies, Sberbank decided to delay placement of 7.6% of its shares as part of the privatization program.