Новости

ECB will continue to pump liquidity into the financial system

The European Central Bank will still give credits to banks in 2011 - the ECB’s chair Jean-Claude Trichet informed today. Also, quite expectedly the regulator decided to leave the interest rate at the same level of 1%.

Simplified taxation in Ukraine will stay the same

The government of Ukraine came to an agreement with protesting entrepreneurs, leaving the simplified taxation regime the same as it was before approval of the new Tax Code. The provision is stipulated in the Memorandum which was signed between the government’s working group and representatives of small businesses on simplified taxation.

J.P. Morgan accused in participation in Madoff’s Ponzi scheme

J.P. Morgan Chase is accused in participation in Bernard Madoff’s Ponzi scheme – informs NBC. Irving H. Picard (appointed as a trustee overseeing the liquidation of Bernard Madoff’s investment firm) filed a new lawsuit at the US District Court in Manhattan.

Profession faces unexpected dangers across the globe

Middle-aged accountant David Adams perhaps assumed he was in a safe profession, but the two bullet wounds to his leg suggested otherwise. The 43-year-old management accountant was shot twice in a case of mistaken identity in Istanbul during the troubled investigation of Polly Peck by Coopers and Lybrand in 1994.

EFRAG issues its feedback statement on its proactive consultation

EFRAG issued its Feedback Statement on the public consultation on its Proactive work. The Feedback Statement provides a summary of the comments received, along with EFRAG’s responses and proposed actions.

Singapore accounting standards council (ASC) issuers Singapore financial reporting standard for small entities

The Singapore Accounting Standards Council (ASC) issued today the Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities or the standard), together with a statement that sets out the applicability of the standard.

European Commission prolongs terms for anti-crisis support

The European Commission had decided to prolong state aid crisis framework – measures to support banks and companies - until 2011, at the same time tightening the requirements to receive it. Those measures were put into use at the end of 2008 – the beginning of 2009 to help financial organizations in crisis conditions.

Russia and EU finishing talks on WTO in one week

In less than a week all negotiations concerning Russia’s joining the World Trade Organization (WTO) will be over. All related documents will be signed on 7 December.

CIPFA and NAO join forces to boost auditing in developing world

The Chartered Institute of Public Finance and Accountancy (CIPFA) and the National Audit Office (NAO) have formed a new partnership aimed at improving support for public sector audit in the developing world.

New Tax Code will be finished under control of businesses

Looks like protests in Kiev yielded positive results for businesses which demanded the country’s president to use veto to the new Tax Code: today Viktor Yanukovych used his presidential right to veto the code. On that he informed in the international airport “Borispol” before his flight to Astana for the OCSE summit.