Новости

Moody’s warned America on possible lowering of its rating

The international rating agency Moody’s Investors Service promised to lower America’s sovereign rating iif the country’s government fails to resolve the situation with the debt ceiling. The announcement, which was published at the rating agency’s website, came around discussions around debt ceiling increase.

Minfin of Russia opens a tender for an expert IFRS committee

The Ministry of Finance of the Russian Federation has opened a tender for an expert committee which will be in charge of professional expertise to check applicability of IFRS documents in Russia.

SEC, FINRA Warn Retail Investors About Investing in Structured Notes with Principal Protection

The Securities and Exchange Commission’s Office of Investor Education and Advocacy and the Financial Industry Regulatory Authority (FINRA) have issued an investor alert called Structured Notes with Principal Protection: Note the Terms of Your Investment to educate investors about the risks of structured notes with principal protection, and to help them understand how these complex financial products work. The retail market for these notes has grown in recent years, and while these structured products have reassuring names, they are not risk-free.

IFRS Foundation publishes proposed IFRS Taxonomy enhancements for reporting common-practice

The IFRS Foundation today published for public comment an exposure draft of the IFRS Taxonomy 2011 interim release: common-practice concepts. The proposed interim release contains supplementary tags for the IFRS Taxonomy that reflect disclosures that are commonly reported by entities in their IFRS financial statements.

BDO fined for possible participation in Allen Stanford’s Ponzi scheme

Last week former investors of Stanford Financial Group filed a suit against BDO and BDO International, the audit company which used to audit the financial company’s accounts.

FFMS of Russia “postpones” fines for insider trading

Head of the Federal Financial Market Service (FFMS) Dmitry Pankin informed yesterday that until the next year the body will not start to punish professional market participants for violation of the law on insider trading. That’s the way the regulatory authority is reacting on multiple requests of bankers and other participants.

Russia’s valuation standards changed

The State Duma of the Russian Federation has acquired a law project which amends regulations for valuation in Russia. For example, it is stipulated that requirements for valuation activities are defined by valuation standards.

New IFRS standards: a few additional remarks

Not so long ago the International Accounting Standards Board published news standards: IFRS 10 “Consolidated Financial Statements”, IFRS 11 “Joint Arrangements”, and IFRS 12 “Disclosure of Interest in Other Entities”. What does that mean to companies’ management?

FEE issues guide on sustainability reporting frameworks

The Sustainability Group of the Federation of European Accountants (FEE) has issued a guide to commonly used sustainability reporting guidance documents when considering the indentification and use of environmental, social and governance (ESG) indicators.

2011 Update of the OECD Guidelines for Multinational Enterprises

The update of the OECD Guidelines for Multinational Enterprises began early in May 2010. The 42 governments adhering to the Guidelines engaged in an intensive consultation process with a wide range of stakeholders.