Новости

AADB Investigating Auditors’ Role in Relation to Lehman Brothers’ Compliance with FSA Client Asset Rules

The Accountancy and Actuarial Discipline Board has begun an investigation under its Accountancy Scheme into the conduct of the Ernst & Young LLP, auditors to Lehman Brothers International (Europe) in relation to their role in reporting to the FSA on the firm’s compliance with the FSA’s client asset rules (the CASS Rules), which govern the protection of client money.

IASB and US FASB complete first stage of conceptual framework

The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) today announced the completion of the first phase of their joint project to develop an improved conceptual framework for International Financial Reporting Standards (IFRSs) and US generally accepted accounting practices (GAAP).

IASB proposes Severe Hyperinflation amendment to IFRS 1

The International Accounting Standards Board (IASB) today published for public comment an exposure draft “Severe Hyperinflation”, a proposed amendment to IFRS 1 “First-time Adoption of International Financial Reporting Standards”.

Norges Bank sues Goldman Sachs for $835 million

The documents were sent to one of New York’s district courts, where Norway’s regulators alleged Goldman Sachs in non-providing full information on financial risks to the Norwegian side of the deal, primarily were it concerned mortgage-based securities.

Central Bank of Russia, FFMS agree upon anti-money laundering courses

The Central Bank of the Russian Federation and the Federal Financial Markets Service reached an agreement on the issue which was disturbing them for almost two years. The question is related to teaching of anti-money laundering legislation to banks’ employees.

India, Russia agree to cooperate on corporate accounting

The Institute of Cost and Works Accountants of India (ICWAI) and Institute of Professional Accountants and Auditors of Russia (IPAR) signed a Memorandum of Understanding (MoU) here in this regard.

Narrative reporting in annual reports too complex

“Hitting the notes, but what’s the tune?” analyzes the opinions of around 230 chief financial officers in listed companies across nine countries on the current challenges and future shape of narrative reporting in annual reports.

SEC may have attacked Goldman Sachs only to cover its own flaws

David Kotz, the internal auditor of the Securities and Exchange Commission, said that timing of SEC’s accusation against Goldman Sachs was “suspicious”.

Largest Russian banks prefer to hide their financial indicators from the public

Most banks with the government’s participation (those are the largest banks like “Sberbank” or “VTB”) chose not to follow the Central Bank’s recommendations and not to disclose information on their obligatory normative standards and capital at the regulator’s website.

APB publishes Exposure Draft of a revision of ISA (UK and Ireland) 700 “The Auditor’s Report on Financial Statements”

The Auditing Practices Board (APB) today issued a consultation paper on a proposed revision of ISA (UK and Ireland) 700 “The Auditor’s Report on Financial Statements”. The Auditing Practices Board aslo issued a consultation paper on a proposed revision of SIR 2000 “Investment reporting standards applicable to public reporting engagements on historical financial information”.