Новости

Ukraine will create a national office to work with largest taxpayers

As part of its taxation system reform Ukraine will create a single office to work with large business alone. On that chairman of the State Tax Administration (STA) Vitaliy Zakharchenko informed yesterday during the meeting with representatives of the European Business Association.

Indian accounting regulator slams PwC over Satyam computers scandal

The Institute of Chartered Accountants of India (ICAI) will soon take disciplinary actions against auditors from PricewaterhouseCoopers who were involved in Satyam computers scandal in January 2009.

I.R.S. offers a tougher amnesty deal for offshore accounts

Offshore tax evaders received a new incentive on Tuesday to come forward and declare their hidden bank accounts to the Internal Revenue Service, with stiffer penalties than a previous offer but no risk of prosecution.

Global economic recovery is slipping away, say accountants

The global economic recovery, which has been slowing down in the past few months, has now gone into reverse, according to a worldwide survey of finance professionals by ACCA (the Association of Chartered Certified Accountants).

Minfin of Russia finished with normative standards for micro entities

The Ministry of Finance of Russia developed normative standards for capital adequacy and liquidity of micro entities. The corresponding order was published today at the ministry’s website.

US banker bonuses will be suspended for 3 years

The Federal Deposit Insurance Corporation (FDIC) wants to temporary freeze payments of annual bonuses to top-managers of America’s largest banks.

George Diacont to Retire from the PCAOB

The Public Company Accounting Oversight Board announced today that George Diacont, who has served as Director of Registration and Inspection since the Board’s 2003 inception, will retire in early March.

ICAI asks Big Four audit firms not to buy out Indian cos

Amid concerns of alleged “surrogate practices” of “Big Four” accounting firms, regulator ICAI has asked PricewaterhouseCoopers, KPMG , Ernst &Young and Deloitte to desist from acquiring Indian audit outfits.

Century-old debt

The USA increases maturity of its sovereign debt to make its repayment easier. The country’s finance ministry plans to issue US Treasuries with a term to maturity equal to 100. Some even predict that the market for those securities may reach $2.4 trillion in 5 years.

CB of Russia won’t control non-banking business

The Bank of Russia’ authorities to define a group of bank owners are to be stipulated in the law “On the Central Bank”, informed chair the CB’s department for licensing and financial rehabilitation of credit organizations Mikhail Sukhov. The purpose of those amendments is to exclude non-banking businesses from the regulator’s control.