Новости

Accountants in Russian banks freed from criminal liability

Chief accountants in Russian banks won’t bear criminal liability for falsification of accountancy (as it was initially planned by the Bank of Russia and the Deposit insurance agency when they were working on amendments to the Criminal Code). The final version of the amendments which is ready to be presented for the government’s consideration contains not even a word on “accountants”.

AASB questionnaire on initial accounting for intangible assets

The Australian Accounting Standards Board (AASB) has created a worldwide online questionnaire to gather information from preparers, advisors, auditors and regulators on the initial accounting for intangible assets acquired under IFRS 3 “Business Combinations” and IAS 38 “Intangible Assets” (or similar GAAP).

IFAC Issues Revised Guidance to Further Support the Development of Professional Accountancy Organizations Worldwide

The Professional Accountancy Organization Development Committee (PAODC) of the International Federation of Accountants (IFAC) has issued a revised edition of its Good Practice Guide “Establishing and Developing a Professional Accountancy Body” (the Guide), which was first released in 2005 and updated in 2007 to support professional accountancy organizations in expanding and strengthening their role and responsibilities in representing the accountancy profession.

SME Implementation Group publishes draft guidance for public comment

The SME Implementation Group, responsible for assisting the International Accounting Standards Board (IASB) on matters related to the implementation of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs), published today for public comment its first draft guidance on the IFRS for SMEs in form of a question and answer document (Q&A).

EU getting ready with even more stress-testing for its banks

The European Union announced series of new stress-tests to check financial stability of credit institutions in case there is another crisis. Tests will be run on March 2. It is yet unclear which parameters will be added.

SMEs fear another financial crisis

According to the international survey “SMEs: Rebuilding a Foundation for Post-Recovery Growth”, major part of small companies fear that they won’t find enough resources to survive yet another crisis.

FFMS of Russia proposes to “cut off loose ends” after the merger of MICEX and RTS

Chairman of the Federal Financial Markets Service Vladimir Milovidov announced that it would be most logical to suspend mutually competitive projects of RTS and MICEX after the merger. According to him, the united bourse will cost more to potential investors than a separate purchase of one of the stock exchanges.

Russian finance ministry has no ideas about accelerated depreciation for leases

Last Friday Russia’s Duma held a roundtable at which participants discussed one of the latest initiatives to cancel accelerated depreciation for lease objects.

APB issues Revised Guidance on Bank Reports for Audit Purposes in the UK

The Auditing Practices Board (APB) of the FRC today publishes a revision of Practice Note (PN) 16: “Bank reports for Audit Purposes in the United Kingdom (Revised)”. An exposure draft of the revised PN was issued in July 2010 for public comment.

G20 ministers postpone currency reform

“The Group of Twenty” financial ministers and Central Banks approved “economic imbalance” indicators in Paris, at the same time postponing discussion of the global currency system reform and presenting no suggestions concerning control of price fluctuations for primary goods.