Новости

PCAOB issues release on consideration of registration applications from firms in non-U.S. jurisdictions

The Public Company Accounting Oversight Board today issued a release to provide notice of a development in its approach to registration applications from firms in non-U.S. jurisdictions where, because of asserted legal restrictions or objections of local authorities, the PCAOB is denied access to information from PCAOB-registered firms that is necessary to inspect those firms.

Small firms threatened with license reform

The prospect of introducing licenses for auditors won’t come as good news to small accounting firms, but regulators may feel they’re left with little alternative after a report found seven out of ten smaller audits are simply not up to scratch.

FASB Issues Proposed Accounting Standards Update - Business Combinations (Topic 805): Disclosure of Supplementary Pro Forma Information for Business Combinations

The objective of this proposed Update is to address diversity in practice regarding the interpretation of the pro forma revenue and earnings disclosure requirements for business combinations.

IASB finalizes enhanced derecognition disclosure requirements for transfer transactions of financial assets

The International Accounting Standards Board (IASB), the independent standard-setting body of the IFRS Foundation, today issued amendments to IFRS 7 “Financial Instruments: Disclosures” as part of its comprehensive review of off balance sheet activities.

TARP accomplished

Last weekend term for the Troubled Asset Relief Program (TAPR) expired. The program became quite unpopular among American citizens. At the same time, the unpleasant image of TARP in minds of too many is really exaggerated as those supportive measures will eventually bring not so bad revenues to taxpayers.

London named the city most attractive to investors

The second and the third places are also occupied by European cities – Paris and Frankfurt, respectively.

AICPA Wants New Standards Board for Private Companies

AICPA president and CEO Barry Melancon is calling for the Financial Accounting Foundation to set up a separate standards board for private company accounting.

The APB Issues Revised Guidance on the Audit of Financial Statements of Public Sector Bodies in the United Kingdom

The Auditing Practices Board (APB) of the FRC has today issued revised guidance for auditors on the application of auditing standards in the audit of financial statements of public sector bodies in the United Kingdom.

SEC found who was responsible for the crash

According to the Securities and Exchange Commission, the main cause of this May’s “flash crash” (as it was named later) on American stock exchanges was high frequency trading (HFT). The body also warns that high volumes of trading is not necessarily a sound indicator of market liquidity if it goes together with high volatility.

Stiglitz says Germany should probably leave the eurozone

Joseph Eugene Stiglitz, an American economist and a recipient of the Nobel Prize in 2001, is sure that the wave of harsh economic policies may lead to another recession and do harm to the single currency of Europe. Many countries, he says, are today prematurely cutting their budgetary spending. This will decrease demand and growth rates, which may cause another recession.