Новости

ICAS launches its vision for the future of assurance

ICAS is calling for major changes in the ways in which the UK’s largest businesses account for their activities in order to provide greater transparency and accountability about how they are managing risk.

American regulators leaving Citigroup’s capital

The US finance ministry is leaving control of Citigroup, proposing the remaining 2.4 billion shares at the price 4.35 dollars each. The last closing price of Citigroup’s shares at the New York Stock Exchange was 4.45 dollars.

Russia concludes negotiations on jointing the WTO

Russian minister for economic development Elvira Nabiullina and the European Commissioner for Trade Karel De Gucht today signed the Memorandum of Understanding between Russia and the European Union on completion of negotiations concerning Russia’s joining the World Trade Organization.

Taxes in Russia are among the best - BKR International

Analysts from the audit company BKR International believe that Russia’s taxation system is one of the world’s best systems as companies’ shareholders may count on largest incomes. Russian experts generally agree on that, but they disagree on the other: recovery of taxes takes too long and that scares foreign investors away.

Schapiro Aims to Expand Accounting Oversight of Broker-Dealers

The U.S. Securities and Exchange Commission wants to enlist the accounting industry to boost oversight of broker-dealers to help restore investors’ trust in financial markets, SEC Chairman Mary Schapiro said.

Broco settles its accounts with SEC

The US Securities and Exchange Commission has come to an agreement with Broco Investments. According to the agreement – which is actually an official and written document – the company is going to pay 1.33 million dollars. This concludes the Broco’s sandal.

Creation of the international financial center in Moscow possible upon alliance of RTS, MICEX and Deutsche Boerse

At the meeting of the Russian Trade Systems’ board of director Alexander Voloshin (appointed by president Medvedev as a coordinator of the project to create the International financial center in Moscow) informed that the government had prepared a plan to unite RTS and MICEX and exchange their shares with Deutsche Boerse. Up to 25% of the united (RTS-MICEX) Russia stock exchange’s shares may go for exchange with Deutsche Boerse.

Finmin: Enforce IFRS only for consolidated accounts

The finance ministry has taken the view that the International Financial Reporting Standards (IFRS) needs to be adopted only on consolidated accounts of corporate groups as is the practice in Europe. It feels the proposed fair-value-based accounting regime cannot be enforced on a standalone basis to individual firms as has been recommended by the accounting rule maker ICAI and the corporate affairs ministry.

SEC Proposes Joint Rules with CFTC to Define Swap Related Terms

The Securities and Exchange Commission today voted unanimously to propose joint rules with the Commodity Futures Trading Commission (CFTC) that would further define a series of terms related to the security-based swaps market, including “swap dealer,” “security-based swap dealer,” “major swap participant,” “major security-based swap participant” and “eligible contract participant”.

IFRS Illustrative Financial Statements for 2010 with early adoption of IFRS 9

We have posted Deloitte’s IFRS Illustrative Financial Statements for 2010 with early adoption of IFRS 9.