Новости

PCAOB Announces Settled Disciplinary Orders Against Former Ernst & Young Partner and Senior Manager For Providing Misleading Documents to PCAOB Inspectors And Altering Working Papers

"These actions threatened to undermine the integrity of PCAOB inspection processes, and the ability of the Board to discharge its mandate to inspect the auditors of public companies," said James R. Doty, PCAOB Chairman.

Ministry for Economic Development proposes to increase control over credit unions in Russia

Stakeholders’ rights in credit unions may be set as equal to rights of deposit holders in banks. The corresponding amendments to the law are being proposed by Russia’s Ministry for Economic Development.

Sberbank links its dividend policy to IFRSs

On the eve of being privatized Russia’s largest bank under the government’s control has developed a new dividend policy where dividends will be linked to financial results under international financial reporting standards. Those changes will allow the bank’s shareholders to receive dividends not only from profits of the parent entity, but from profits of its subsidiaries as well. Before the end of the year, among those there will be “Troika Dialog” and “Volksbank International” .

US default cancelled

This weekend republicans and democrats managed to find a solution to increase government debt ceiling and to decrease deficit. The program aims to cut the level of deficit by 2.4 trillion dollars in 10 years.

ESMA Statement on disclosures related to sovereign debt to be included in financial statements

According to European Regulation no 1095/2010 establishing the European Securities and Markets Authority (ESMA), ESMA shall act in the field of financial reporting, to ensure the effective and consistent application of European Securities and Markets legislation.

Big Four firm offers list of options to increase choice in statutory audit market

Ernst & Young has outlined options to increase market choice in the wake of the Office of Fair Trading’s (OFT) provisional decision to refer the statutory audit market to the Competition Commission.

IASB releases “Effect Analysis” on joint arrangements

The IASB has published a report which presents an analysis of the effects of IFRS 11 “Joint Arrangements” (and related disclosures included in IFRS 12 “Disclosure of Interests in Other Entities”), including the IASB's expectations of how the IFRS will affect the accounting for current and new joint arrangements according to their structure and legal forms.

S&P forces Greece’s rating deeper into “trash”

The international rating agency Standard & Poor's (S&P) has lowered long-term sovereign rating of Greece from “CCC” to “CC”, keeping the same “negative” outlook. That’s how the country’s already “trash” rating found itself even closer to default.  

Real estate will be taxed under market prices in Russia no sooner than in 2013

Introduction of the real estate tax under market prices is expected in 2013-2014, but this won’t imply increasing tax collections from the basic social groups – assured head of the finance ministry of Russia Alexei Kudrin.  

ICAEW helps US focus on global standards

International financial reporting standards are in focus at the ICAEW, which is to chair an American Accounting Association debate on the future of the global standards in the US.