Новости

FASB requires more pension plan disclosures

The Financial Accounting Standards Board has beefed up its standards for multiple-employer pension plans, requiring employers to provide more information about their pension plan obligations, particularly for unionized employees.

IFRS Taxonomy updated for fair value measurement and disclosure of interests in other entities

The IFRS Foundation today published the International Financial Reporting Standards (IFRS) Taxonomy 2011 interim release for IFRS 12 Disclosure of Interests in Other Entities and IFRS 13 Fair Value Measurement, which were issued by the IASB in May 2011.

Non-transparent Russia: banks prefer not to disclose issuer information

The bank which goes by the name “Russia” (not the Bank of Russia, which is the Central Bank of the Russian Federation, but a commercial bank in co-possession of Russian millionaire Yuri Kovalchuk) has acquired a permission by the Federal Financial Markets Service not to disclose issuer information. This basically means that the market won’t be able to get timely information neither on changes in composition of the bank’s shareholders, nor on 10 or more percent growth (or decline) of its assets and profits.

Minfin of Russia finished with the draft standard on employee benefits

Among other things, the document sets rules for recognition and evaluation of the amount of benefits, describes certain aspects of recognition and evaluation of estimated liabilities (in relation to employee benefits), provides the order to disclose information on labor expenses in financial accountancy, etc.

SEC adopts large trader reporting regime

The Securities and Exchange Commission today voted unanimously to adopt a new rule establishing large trader reporting requirements to enhance the agency’s ability to identify large market participants, collect information on their trading, and analyze their trading activity.

IASB launches a public consultation on its future work programme

The International Accounting Standards Board (IASB) launched today a public consultation to seek broad public input on the strategic direction and overall balance of its future work programme.

Anti-money laundering rules threaten banks with the lack of employees

Russian business edition “Kommersant” became aware of the first results of amendments to the legislation which are in effect since the beginning of the year. To remind you, the Central Bank of Russia is now obliged to fine banks and their employees for all violations of the anti-money laundering regulation without exception. For the first half of 2010, 450 cases were filed.

Business valuation grows in Russia

Russian business valuation market managed to escape stagnation and is now successfully recovering. Income of valuation companies is a good sign of high demand for their services in post-crisis conditions of the economy of Russia.

Audit inspection reports for the six largest firms published

The Professional Oversight Board, part of the Financial Reporting Council, has today published reports on the findings of the Audit Inspection Unit’s (AIU) inspections for each of the six largest audit firms.

APB issues revised guidance on the audit of friendly societies

The Auditing Practices Board (APB) of the FRC today publishes a revision of Practice Note (PN) 24 “The Audit of Friendly Societies in the United Kingdom”. A consultation draft of the revised PN was issued in January 2011 for public comment.