Новости

IASB issues additions to IFRS 9 for financial liability accounting

The International Accounting Standards Board (IASB) has today issued requirements on the accounting for financial liabilities. These requirements will be added to IFRS 9 Financial Instruments and complete the classification and measurement phase of the IASB’s project to replace IAS 39 “Financial Instruments: Recognition and Measurement”.

The Future of Financial Reporting in the UK and the Republic of Ireland

The Accounting Standards Board today publishes its proposals for the future of financial reporting in the UK and Republic of Ireland. The Exposure Drafts set out proposals for a three-tier reporting framework, which aims to balance the needs of preparers and users of accounts.

Taxmen and customs officers will be given access to bank secrecy in Russia

The State Duma of Russia has approved a set of amendments to the current legislation concerning exchange of information.

Bank of Russia won’t expel banks from the deposit insurance program for another half a year

The Central Bank of Russia has decided to prolong moratorium on expulsion of banks from the deposit insurance program until 1 July 2011. The action is taken by regulators despite absence of any critical conditions on the market.

FFMS of Russia introducing tighter control system against manipulations

The new control system being introduced by the Federal Financial Markets Service (FFMS) of Russia will allow the regulator to better control actions of professional market participants and to prevent cases of price manipulations.

AADB investigating auditors’ conduct in relation to BAE systems plc

The Accountancy and Actuarial Discipline Board has begun an investigation under its Accountancy Scheme into the conduct of KPMG Audit plc as auditors to BAE Systems plc.

PwC slates FRC idea to create Big Five

PwC has rounded on the UK’s corporate reporting watchdog over its suggestion the Audit Commission could be transformed into a big-five audit firm.

IASB und FASB decelerate three projects

During their joint meeting in October 2010, the IASB and the FASB deliberated the projects - Reporting Entity (Conceptual Framework, phase D), Financial Statement Presentation and Financial Instruments with Characteristics of Equity (Liabilities and Equity) - against the background of the Boards’ entire work plan.

G20 finance ministers want to stop currency wars

During their two-day meeting in South Korea finance ministers and chairmen of Central Banks of G20 countries are discussing mechanisms to stop currency wars. Developing nations and developed counties have their own interests.

Russian finance ministry to control debt leverage of state companies

This year the Ministry of Finance of the Russian Federation plans to start monitoring debt leverage of companies with the government’s participation. It is possible that results of the process will be used to draw plans of those companies’ access to the debt market. Experts think it is hardly possible in practice.