Новости

Stanford Investors Sue BDO

Former investors in Stanford Financial Group have filed suit against BDO USA and BDO International, claiming the auditing firm knowingly participated in imprisoned Texas financier Allen Stanford’s multibillion-dollar Ponzi scheme.

ASCG: Future safeguarded

The Accounting Standards Committee of Germany (ASCG) resolved at its General Assembly meeting today to pave the way for a broader membership basis. In this «mixed model» companies and associations would become full members.

Half of all legislative acts in Russia harmful for the economy

It appeared to be useful to evaluate new legislative acts in Russia in respect to their potential influence on the economy. For less than one year of work a specially created “evaluation” department of the Ministry for Economic Development has analyzed about 120 documents and rejected more than a half. But even that is not enough - experts react skeptically and call it just a “drop in the bucket”.

BRICS doesn’t want the next IMF chair to be chosen on the basis of nationality

BRICS countries (Brazil, Russia, India, China, and South Africa) argue that choice of the next leader of the International Monetary Fund should not be based on his or her nationality.

IFRS Foundation publishes Russian translations

In February 2011, the Russian government signed off an IFRS endorsement procedure whereby IFRSs will be endorsed for use in Russia by the Ministry of Finance.

SEC’s Schapiro Says Investors Expect More from Accountants

Securities and Exchange Commission chair Mary Schapiro told an accounting group that “investors are not as confident as they could be” in accountants, and she plans to make some changes.

APB issues revised guidance on the audit of credit unions in the UK

The Auditing Practices Board (APB) of the FRC today issued a revision of Practice Note 27 “The audit of credit unions in the United Kingdom”. An exposure draft of the revised Practice Note was issued in October 2010 for public comment.

Greece’s default will negatively affect other countries as well – Moody’s

Default of Greece will have negative impact not only on ratings of the country itself, but on other European countries’ ratings as well, informs Moody’s Investors Service. They say that the real effect of the default on European capital markets is very hard to predict, and even harder to control.

Russia’s finance ministry dissatisfied with investment activity of EBRD

Change of the European Bank’s for Reconstruction and Development (EBRD) director from Russia has influenced the bank’s investment activity in the country. On that informed yesterday Russia’s deputy finance minister Sergei Storchak on the annual meeting of ERBD’s managers in Astana (Kazakhstan).

Standard setters await EU before launching FRSSE consultation

UK standard setters are awaiting fresh direction from the EU before reviewing accounting standards for the smallest entities. Stakeholders have called on the Accounting Standards Board to consult on the UK GAAP based FRSSE, used by micro-companies, as soon as possible.