Новости

Trustees seek views on criteria for annual improvements process

The IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), today published for public comment proposed enhancements to the criteria for the IASB’s annual improvements process.

2011 U.S. GAAP Financial Reporting Taxonomy Now Available for Public Review and Comment

The Financial Accounting Foundation (FAF) today announced the availability of the proposed 2011 U.S. GAAP Financial Reporting Taxonomy for public review and comment. The FAF is responsible for the ongoing maintenance of the taxonomy applicable to public issuers registered with the U.S. Securities and Exchange Commission (SEC). The deadline to submit written comments is October 30, 2010.

IMF preparing new anti-crisis instruments

The International Monetary Fund (IMF) has prepared a new type of credits - Precautionary Credit Line, which is to help developing economies to deal with new financial crisis situations, if there are more to come.

Russian banks may be face a new special tax

Since the beginning of the financial crisis the number of banks with high share of population’s funds kept in liabilities has grown in 1.5 times. The Association of Regional Banks of Russia and the consulting group “BFI” both think that this situation inflates risks for the whole banking system of Russia.

Russian bankers caught on financial fraud may be disqualified for life

This fall the communist party of Russia’s State Duma plans to introduce a law project on life-time disqualification for bankers caught on financial fraud.

New rules for taxation coming into force in Russia on 2 September

The newest and the most important are the ones to introduce wider use of electronic documentation. Not only tax statements, but all other documents as well (claims, notifications, etc.) may be presented in printed form as well as electronically.

New Accounting Rules Could Affect DAC Application

A change in how companies account for their deferred acquisition costs will probably have a greater impact on life and health insurers than property and casualty carriers and will not affect companies’ bottom lines, a new report said.

Companies won’t benefit from lowering of VAT to 12% - Minfin

It won’t be in companies’ interests to lower the value added tax to 12 or 13 percent with its simultaneous unification – on the contrary, the effect will most likely be negative. The conclusions follow the project of the budget strategy until 2023 which was developed by Russia’s Minfin.

Federal Reserve ready for new stimulation of the US economy – Bernanke

The US Federal Reserve will take new steps to stimulate the economy, if needed – promised Bernanke during his speech. He said that they were ready to go for it in case of significant worsening of the forecast.

IIROC proposes to harmonize regulatory financial reporting standards with IFRS

A proposal published by the Investment Industry Regulatory Organization of Canada (IIROC) on Friday shows that IFRS is infiltrating more widely than just financial reporting to become the global accounting language.