Новости

IAESB proposes clarified standard on assessment of professional competence

The revised education standard will assist IFAC member bodies and other professional accountancy organizations in understanding both the learning and development requirements for areas of assessment of professional competence, and their obligations in upholding the standards.

FASB issues accounting standards update to improve financial reporting of repurchase agreements

The Update is intended to improve financial reporting of repurchase agreements (“repos”) and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity.

FFMS and Minfin redistribute their authority powers. Again

The Federal Financial Markets Service (FFMS) has reached agreement with the Ministry of Finance in respect to distribution of their regulatory powers, informs RIA Novosti with a reference to the new FFMS` chief Dmitry Pankin. According to him, it is the final stage of redistribution of regulatory authorities.

SEC Proposes Rule Amendments to Remove Credit Rating References in Exchange Act Rules

The Securities and Exchange Commission voted unanimously to propose amendments that would remove references to credit ratings in several rules under the Exchange Act.

Challenges, best practices for the first XBRL filing

Thousands of small public companies will submit eXtensible Business Reporting Language (XBRL) financial reports, for the first time, with their regular June 15, 2011 filings with the Securities and Exchange Commission (SEC) in the third and final phase of the SEC`s 2009 rule that requires all public companies to file financial reports with the computer readable tags. Small foreign private issuers reporting to the SEC using International Financial Reporting Standards (IFRS) will not file XBRL exhibits at this time.

Central Bank of Russia won’t mind negative profits till the end of the year

The Central Bank of the Russian Federation not only intends to set a tighter control over bank risks, but it also wants to prolong some of the preferences which were introduced specially for loss-making banks in the heat of the crisis.

Purchasers of Russian companies will pay taxes in Russia

The Ministry for Economic Development proposed to oblige Russian residents who purchase shares in strategic companies through offshore zones (“tax heaven”) to pay taxes in Russia. In order to be treated as a tax resident of Russia, one has to stay in it for more than half a year.

Bernanke told about future of the financial system in America

During the press-conference which lasted for one hour and gathered around 60 journalists head of the Federal Reserve Ben Bernanke announced that in the nearest future, the Federal Reserve System would finish its controversial program of government bonds’ repurchase. That’s the way Bernanke is trying to reassure skeptics that he is doing his best to hold inflation and speed up economically unstable recovery.

UK nears agreement with Switzerland

Under the deal, UK citizens with Swiss bank accounts will pay a withholding tax and a levy on previously untaxed income, the Sunday Times reported.

Joint Statement by the Monitoring Board and the Trustees of the IFRS Foundation

The Monitoring Board and the Trustees of the IFRS Foundation, following discussion at their fifth joint meeting on 1 April 2011 in London, reaffirmed their commitment to seeking close co-ordination in taking forward their respective efforts in reviewing the Foundation’s governance and strategy.