Новости

ICAEW elects new vice-president

Jones takes over the role on June 8 and is expected to be nominated as ICAEW president in June 2013.

UK accountants want “Big Bang” for IFRS

ICAEW argues that implementing the standards simultaneously would reduce the costs and disruption for business simultaneously. Making all the new standards scheduled for completion this year effective in one fell swoop would be the most efficient option for both users and preparers of financial reports, according to the group.

IFRS Foundation’s Monitoring Board published a report on corporate governance

Today the Monitoring Board which oversees the IFRS Foundation published a report on corporate governance review for public consultations and opinion. To remind you, review of IFRS Foundation’s system of corporate governance was launched in April 2010.

Bank of Russia will develop its criteria for depositories

Following the recent scandal of banks’ attempts to artificially increase their capital with “mirror promissory notes” the Central Bank of Russia declared war to all similarly fake securities.

It was BRIC, now it’s BURK

Sberbank’s Center for Macroeconomic Research united 4 largest CIS economies – Belarus, Ukraine, Russia and Kazakhstan – into a single group of countries to be known as “BURK”. What they all have in common is great potential and inability to implement it.

NBU of Ukraine wants to prohibit premature withdrawal of deposits

The National Bank of Ukraine wants banks to be more certain on terms of their obligations to return deposits to their clients. It also wants to improve legal environment to lower risks in case of premature termination of time deposit contracts. For that, regulators are working on proposals to disallow premature withdrawal of time deposits.

Internal audit takes new direction

The focus of internal audit activities is expected to change significantly in the next five years, according to a new study. The Institute of Internal Auditors has released the initial findings from a recent global survey it conducted in more than 107 countries.

IAESB-UNCTAD Accountancy Education Forum: Building Human Capacity and Professional Accounting Education for High-Quality Corporate Reporting

To address the requirements and public interest benefits of developing a professional accountancy education program, international accountancy and education leaders will meet March 8 at the United Nations in Geneva for the Accountancy Education Forum, a full-day event jointly hosted by the United Nations Conference on Trade and Development (UNCTAD) and the International Accounting Education Standards Board (IAESB).

New Zealand looks for further improvements in deferred tax accounting

A summary of recent meetings of the New Zealand Financial Reporting Standards Board (FRSB) provides some insight into the ongoing debate about deferred taxes in New Zealand and points to further possible changes in deferred tax accounting.

Ukrainian regulators won’t struggle with tax evasion which involves Cyprus

It appears that Ukraine postponed negotiations with Cyprus on double taxation agreement on its own.