Новости

Bonuses of Russian bankers will be linked to financial results

Yesterday Russia’s Ministry for Economic Development informed that the government had approved general approaches to unify payments to employees of state companies and banks with the government’s participation.

Germany preparing a plan for the case of Greece’s default

Germany’s finance ministry is working on emergency plan for the case Greece defaults or at least has to do debt restructuring.

UK and US regulators agree arrangements for sharing information and cooperation on audit inspections

The Statement of Protocol between the UK’s Professional Oversight Board (POB) and the Public Company Accounting Oversight Board of the United States (PCAOB) is a statutory requirement necessary to facilitate effective cooperation between the two organizations and pave the way for joint work on inspections, including exchanges of information and interviewing firm personnel.

IPSASB Publishes Revised Guidance to Assist Public Sector Entities with Transition From Cash Basis to Accrual Basis of Accounting

The International Public Sector Accounting Standards Board (IPSASB) has released an updated and improved version of Study 14 “Transition to the Accrual Basis of Accounting: Guidance for Governments and Government Entities”.

PCAOB publishes new auditing standards on risk assessment

The Public Company Accounting Oversight Board (PCAOB) published eight auditing standards related to an auditor’s assessment of and response to audit risk.

Bank of Russia against fake promissory notes in banks

The Central Bank of the Russian Federation wants to stop illegal practices of artificial capital formation with fake promissory notes: in case regulators find any, banks will have to add more reserves and decrease their capital.

Khodorkovsky verdict will change Russia’s investment climate – Dvorkovich

Arkady Dvorkovich, chief economic adviser to president Dmitry Medvedev, thinks that the second Khodorkovsky verdict will make foreign investors revalue Russia’s risks.

Bank of Russia will require at least 300 million in capital by 2015

The Central Bank of Russia wants to consider feasibility of introduction of new capital requirements for banks starting from 2015 at the level of 300 million rubles.

IAASB addresses assurance (other than audit) on financial statements

This revised standard is the second IAASB proposal in recent months that addresses the growing international need for robust standards for services that can be used by entities that are either not required or do not elect to be audited.

IVSC issues exposure draft on real property and business valuations

The International Valuation Professional Board, an independent technical body of the International Valuation Standards Council (IVSC), has released for comment an exposure draft of Technical Information Paper 1 “The Discounted Cash Flow (DCF) Method – Real Property and Business Valuations”.