Новости

IFAC SMP committee updates Quality Control Implementation Guide

Intended to help SMPs successfully and cost effectively implement International Standard on Quality Control (ISQC) 1, the third edition of the guide features enhancements to the two sample manuals as well as other refinements for clarity and consistency with ISQC 1.

IASB warns of weakening ties with FASB

The International Accounting Standards Board has warned it will stop engaging in new joint projects with its US counterpart if the US Securities and Exchange Commission does not endorse its IFRS standards.

Can IFRS 9 prevent Greek tragedy?

IFRS 9, the global accounting standard on financial instruments, is among the most heavily scrutinized projects of the International Accounting Standards Board. Recent events in Greece have dragged it further into the spotlight as some claim early adoption will help ease the burden of EU members' sovereign debt, while others insist changing accounting rules is not the answer.

IASB proposes adjustment to effective date of IFRS 9

The International Accounting Standards Board (IASB) published today for public comment an exposure draft of proposals to adjust the mandatory effective date of IFRS 9 “Financial Instruments”.

United States: solution found, but what are the perspectives?

America was lucky to solve its currently #1 problem on time. Two out of three world’s leading credit rating agencies confirmed their ratings for the USA at the highest “AAA” level, although with a “negative” outlook. Perspectives remain obscure.

IASB establishes Emerging Economies Group

The IFRS Foundation has established an Emerging Economies Group (EEG) of the International Accounting Standards Board (IASB) aimed at further enhancing the influence of emerging economies in the development process of IFRS.

Banks on track to adopt IFRS impairment accounting rules: Deloitte survey finds scepticism over expected loss model

Deloitte’s global banking IFRS 9 impairment survey found a majority of banking groups believe that IFRS 9 impairment accounting proposals will improve financial statements, in comparison to those prepared using current IAS 39 “Financial Instruments: Recognition and Measurement rules”.

EFRAG report regarding costs of implementing country-by-country reporting

In October 2010, the European Commission started a public consultation in order to gather stakeholders' views on country-by-country reporting by multinational companies. Country-by-country reporting is a concept that would require multinational companies to disclose financial information on their operations in third countries in their annual financial statements. The consultation mainly focused on companies active in an extractive industry in third countries.

Europe fears debt crisis again

Debates in the US Congress settled around somewhat of a solution, and they got attention of global markets for a while, but now Europe’s worries around stability of certain states are back again. We’re talking about Spain and Italy where yield on 10-year sovereign bonds is breaking a new record – 6.46% and 6.26%, respectively.

Sberbank sells debts of small business to collectors

Before the end of August the bank plans to finish with its first selling of problematic debts of small legal entities and private entrepreneurs for the amount of than 150 million roubles in total. Those are small debts below 500 thousand roubles, overdue for more than 180 days.