Новости

FFMS of Russia eased requirements for professional market participants

Increased minimal capital requirements for dealers, brokers and fund managers will be cancelled, the Federal Financial Markets Service (FFMS) informed today. The new order is related to amendments to the law “On financial securities markets” which will define minimal capital requirements on its own.

Becker Professional Education acquires ATC International

Becker Professional Education, US leader in accounting education, informed on purchasing of ATC International which is one of the world’s largest providers of financial consulting and training services. ATC International has offices in Central and Eastern Europe and Central Asia. The company trains future specialists for professional qualifications like АССА, CIMA or DipIFR.

KPMG warns IFRS on consolidation

KPMG is warning that the latest standards published by the International Accounting Standards Board (IASB) could have a significant impact on consolidation evaluation and joint venture accounting for many companies.

Australia harmonizes standards with IFRSs, New Zealand

The Australian Accounting Standards Board (AASB) has released a number a standards to give effect to “Phase 1” of the joint harmonization programme being undertaken by the AASB and the New Zealand Accounting Standards Review Board (ASRB).

Rating agencies escaped liability for losses incurred by investors during the crisis

The US Federal Court of Appeals concluded that the credit rating agencies Moody’s, Standard & Poor’s and Fitch were not responsible for multi-billion losses of investors who invested in mortgage securities. The verdict may significantly strengthen position of CRAs in multiple litigations with investors. But the victory is dubious: this court’s decision may potentially undermine their business in the long run.

Visa and MasterCard questioned for possible violation of anti-monopoly legislation in Russia

Deputies of the State Duma are preparing an official request to the Federal Antimonopoly Service (FAS), asking it how well Visa, MasterCard and some others follow the law on competition. It looks like they will have to disclose fees they charge for their services.

Sustainability data more reliable, says new figures

Sustainability reports are becoming more reliable, according to the Global Reporting Initiative (GRI). Figures from the GRI Reports List published today (Wednesday 11 May 2011), alongside GRI’s Year in Review 2009/10, suggest that more companies are having their sustainability reports assured, resulting in more accurate and trustworthy data.

IVSC working towards guidance on fair value of financial instruments

The International Valuation Standards Council (IVSC) has issued the latest edition of its “E-Newsletter”, which includes an update on the IVSC’s work on guidance for the determination of the fair value of financial instruments.

IASB and FASB issue common fair value measurement and disclosure requirements

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today issued new guidance on fair value measurement and disclosure requirements for International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (GAAP).

IASB completes improvements to accounting requirements for off balance sheet activities and joint arrangements

The International Accounting Standards Board (IASB) today completed its improvements to the accounting requirements for off balance sheet activities and joint arrangements by issuing IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities.