Новости

Banks in Russia will pay for complaints

Recently the Central Bank of Russia has been receiving too many complaints on various banks and other financial institutions, likely signaling worsening of quality of their work. Because of that the Central Bank plans to create a special service of authorized financial experts which will process those requests.

Tax secrecy will be disclosed to anti-monopoly regulators of Russia

Russia’s prime-minister Dmitry Medvedev ordered to propose for the State Duma’s consideration a set of revisions to the 102nd section of the Tax Code. Those amendments will allow anti-monopoly regulators’ access to tax secrecy.

IFAC presents the latest version of its handbooks for 2014

The International Federation of Accountancy (IFAC) informs on publication of all updated handbooks of standards which are developed by the International Auditing and Assurance Standards Board (IAASB), the International Accounting Education Standards Board (IAESB), the International Ethics Standards Board for Accountants (IESBA), and the International Public Sector Accounting Standards Board (IPSASB). All handbooks include most recent versions of standards effective for 2014.

Russian state banks will go on without foreign auditors

The same, already famous deputy from the State Duma’s party “United Russia” Eugeniy Fedorov is finishing preparation of amendments to the federal law “On banks and banking” which, if approved, will prohibit foreign audit and consulting companies to provide their services to state banks. And even more – state banks may be just the beginning, and later it is possible that all other banks will be “freed” from foreign auditors’ influence.

Russian auditors will have to inform about discovered facts of corruption

Audit companies and individual auditors in Russia will have to inform founders and beneficiary owners of an audited entity or their representatives on facts of corruption (or signs of corruption/risks of its appearance) about which they learnt in the course of an audit check. If the ones being informed about the corruption problem are evidently ignoring the problem, auditors will inform government regulators.

Deloitte issues new disclosure checklist

Global office of Deloitte has presented an updated disclosure checklist for IFRS standards 2014 and separately - for IAS 34 “Interim Financial Reporting”.

Real wages fell in Russia for the first time in 5 years

The Federal State Statistics Service has presented unpleasant data recently. It appears that for the first 9 months of 2014 the level of consumption and investments has declined. Internal demand fades together with the economy of Russia entering recession.

Deposit holders of global banks will have to pay for their euro deposits

Global banks such as Bank of New York Mellon, Goldman Sachs, and JPMorgan Chase are setting negative interest rates on euro-nominated deposits. Most likely, very soon clients of Credit Suisse will also have to pay to hold their euro there.

17-th semiannual meeting took place in Tokyo

The 17th meeting between top governance of the US Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) took place in Tokyo on 14-15 October. In the course of the meeting representatives of both standard setters shared details on the current progress with most important projects on their agenda.

FEE presented another brief review on the current situation with EPSASs

Last Friday the European Federation of Accountants (FEE) has published a new review on the current progress with adoption of so-called European Public Sector Accounting Standards (EPSASs).