Новости

FEE sees no alternatives to IFRSs at the moment

Fédération des Experts Comptables Européens (FEE) has presented its opinion on the European Commission’s consultations concerning application of IFRS in the EU.

GAAP-IFRS.COM Digest: 6-10 October

There should be a “moral dimension” in tax consulting – thinks PwC

Head of the global office of PwC Dennis Nally recently commented on the European Commission’s decision to study tax schemes suspected in case of a number of large multinational companies like Apple, Amazon, and Starbucks. European regulators are worried by possible abuse by those companies of tax haven such as Ireland, Luxemburg, or Netherlands (respectively). European regulators suspect that companies may use investments in those jurisdictions not only because they are dictated by optimal business strategies, but rather because they just want to minimize taxes.

SEC should make clear what forward-looking disclosures mean - CFA Institute

The Security and Exchange Commission is today performing analysis of effectiveness of disclosures in and outside financial statement. Many investors used to indicate that it would be nice to add more forward-looking disclosures to financial accounts. The problem is that it is easier to say than to do.

Municipal governments in Russia will be able to deprive companies of simplified taxation

The Ministry of Finance has brought in a new bill for consideration which, if approved, will allow governors in regions of Russia to deprive small business of simplified taxation regimes starting from 2015. The Ministry for Economic Development was and still is against the idea, saying that it will only increase tax burden from smaller entities (which, on the contrary, should be left undisturbed to develop freely, right?) Government officials think there aren’t too many chances that the bill will become a law.

Almost 6000 people already tested their IFRS knowledge for free

Slightly more than a week has passed after the IFRS Foundation launched its free test, and already almost 6000 people from 113 counties used the opportunity to test their knowledge of international financial reporting standards.

Banks will be forced to disclose information on their governance

According to RIA Novosti, the State Duma’s financial market committee recommends for approval amendments to the law “On banks and banking” as a result of which top governance of Russian banking institutions will tell everything on itself in the internet.

CB of Russia doesn’t trust what SWIFT says

Despite the recent announcement of the company-owner of the international payment system SWIFT indicating that it is not planning to disconnect Russia (not the first such announcement, by the way), the Central Bank will continue to work on a Russian alternative to SWIFT anyway.

Russian lawmakers delay the law on keeping personal data on Russians in Russia

Approval of the law which would bring forward the deadline for keeping servers with personal information on Russian citizens in Russia was cancelled, informs RBC. It was not long proposed to oblige all companies – whether Russian or not – to keep servers with personal information on Russians on the territory of Russia starting from 2015 (originally – in 2016).

Russian banks mastering “social networks” scoring

Russian banks more actively apply a new “hi-tech” approach to evaluation of credibility of potential borrowers. Russian business edition RBC met with representatives of a number of large banks and learnt what they thought of that.