Новости

European Council obliged large companies to do EGS disclosures

The Council of the European Union adopted an amended accounting Directive which now obliges large companies in Europe to disclose non-financial information, for simplicity denoted by “ESG” (“environmental, social, and governance”).

Korean KASB completes its study of the equity method, publishes conclusions

The Korean Accounting Standards Board (KASB) recently completed an academic research of the equity accounting method it promised not long ago. Today it presents results and conclusions on issues it found most relevant to the corresponding project in the IASB’s work.

Test your IFRS knowledge for free!

The IFRS Foundation yesterday launched a free online service to test your knowledge of international financial reporting standards. This will likely interest accounting students and educators, but not only.

ACCA’s roundtable on IFRS influence in Europe

On 25 September the Association of Chartered Certified Accountants held a conference to discuss the resent EC’s consultation document concerning impact assessment of international financial accounting standards in Europe.

Russian auditors will be able to request information from third parties

Russian auditors will be able to request information from third parties in order to compare financial data – informs the Russian business edition “Kommersant”. Deputies of the State Duma think that this may become an effective way to fight with accounting falsifications.

General Procurator’s Office of Russia intensifies control over banks and pricing strategies

General Procurator’s deputy Alexander Buksman informed during the all-Russian meeting of procurators that the General Procurator’s Office would now very closely watch after banks and the way consumer prices are set on the market.

GAAP-IFRS.COM Digest: 22-26 September

Russian banks will have to identify owners of foreign trusts

The Federal Financial Monitoring Service (“Rosfinmonitoring”) has developed a new draft law – part of more general anti-money laundering legislation.

SASB presented a new set of “sustainable” standards for the transportation industry

This week the Sustainability Accounting Standards Board (SASB) presented a new set of sustainable standards, this time for the transportation industry. The new standards will be used by companies to account for ecological, social and governance factors which the Board sees as most important in productions of cars and their part, auto leases, air and railroads transportation, etc. Included examples illustrate accounting for harmful influence of fuel emissions on environment, accidents risk management, fair treatment of labor force.

Deposit Insurance Fund may deplete if the CB keeps revoking licenses at the same pace

It is possible that by 2015 the Deposit Insurance Fund of Russia will be out of money if the Central Bank keeps cleaning the banking market the way it does. This was suggested by “Intefax” with a reference to CEO of the Deposit Insurance Agency Andrei Melnikov.