Новости

Turkmenistan goes for IFRSs

On the 9th of July the Republic of Turkmenistan Cabinet of Ministers held a prolonged meeting, during which the country`s president approved the program of reforms of the national systems of financial accounting and audit.

APB emphasises the importance of Scepticism for Audit Quality

The Auditing Practices Board (APB) of the FRC today issues for comment a Discussion Paper entitled ‘Auditor scepticism: Raising the bar’. This has been developed in close co-operation with the Professional Oversight Board (POB) and its Audit Inspection Unit (AIU), which monitors the conduct of audits of larger entities.

PCAOB Adopts New Auditing Standards on Risk Assessment

The Public Company Accounting Oversight Board today adopted a suite of eight auditing standards related to the auditor`s assessment of, and response to, risk in an audit.

Group Formed to Set Sustainability Accounting Rules

The Prince`s Accounting for Sustainability Project has teamed up with the Global Reporting Initiative to form the International Integrated Reporting Committee, with the goal of creating a globally accepted framework for sustainability accounting.

Ukraine`s government published new IRC exposure draft

Ukraine`s Cabinet of Ministers presented draft vestion of the country`s new Internal Revenue Code. The document defines all basic federal and municipal taxes and fees and principles of their administration.  

President Medvedev signed the law on IFRSs in Russia

Starting form 2015 all companies will be obliged to prepare their accounts under international standards: the corresponding law was signed by Russia`s President Dmitry Medvedev last week. The document provides general requirements for preparation and presentation of consolidated financial accounts according to the country`s legislation.

IASB proposes improvements to insurance accounting

The International Accounting Standards Board (IASB) today published for public comment an exposure draft of improvements to the accounting for insurance contracts. The exposure draft proposes a single International Financial Reporting Standard (IFRS) that all insurers, in all jurisdictions, could apply to all contract types on a consistent basis.

The APB issues Draft Updated Guidance on Bank Reports for Audit Purposes

The Auditing Practices Board (APB) of the FRC has today issued for comment a consultation draft of a revision of Practice Note 16 “Bank reports for audit purposes”. The consultation period ends on 29 October 2010.

IFAC SMP Committee Publishes Quality Control Implementation Guide

The implementation guide is intended to help SMPs understand and efficiently apply the redrafted International Standard on Quality Control (ISQC) 1 “Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements”.

US adoption of IFRS remains “highly uncertain”, trustee warns

US adoption of global accounting rules is “highly uncertain” and could threaten the survival of the International Accounting Standards Board, a leading board member has warned. Tommaso Padoa-Schioppa, newly appointed chairman of the IASB trustee group, has signaled his intention to review the organization, due in part to uncertainty surrounding US adoption of international accounting standards.