Новости

We not convinced by FASB’s Fair Value reforms: ICAEW

The UK’s largest accounting institute said it is not convinced both the US and international fair value proposals are compatible.

The Financial Reporting Council issues new Governance Standards for Listed Companies

The Financial Reporting Council (FRC) has today introduced changes to the UK Corporate Governance Code – formerly known as the Combined Code – to help company boards become more effective and more accountable to their shareholders.

IASB proposes improvements to the presentation of items of Other Comprehensive Income

The International Accounting Standards Board (IASB) today published for public comment proposals to improve the consistency of how items of Other Comprehensive Income (OCI) are presented.

The USA and Europe agreed upon the global financial sector reform

The USA and Europe generally arranged terms of the reform of financial sector – the US Treasury Secretary Timothy Geithner informed today.

EC proposes a special tax to save banks

EC internal markets chief Michel Barnier thinks that in order to prevent another crisis, stabilization expenses to save problematic financial institutions should be paid out of special tax proceeds. This one will be paid by banks.

The law on concession agreements in Russia is expected in June

The Ministry for Economic Development expects final approval of the law on concession agreements this June – informed the ministry’s deputy chairman Stanislav Voskresensky.

Banking rule may make reporting “hugely complex”

Proposed banking rules could add 100 pages of extra disclosures to annual reports, according to a report by the UK Accounting Standards Board (ASB). The board has detailed a string of concerns and criticisms surrounding the proposed standard, likely to be the subject of heated debate as accounting reforms roll out following the financial crisis.

FASB Issues Exposure Draft on Accounting for Financial Instruments

The Financial Accounting Standards Board (FASB) has issued an Exposure Draft (ED) of a proposed Accounting Standards Update (ASU) intended to improve accounting for financial instruments. Among other changes, the proposed ASU would seek to bring more transparency into financial statements by incorporating both amortized cost and fair value information about financial instruments held for collection or payment of cash flows.

CB of Russia steps back from helping weak banks

Not all banks will be able to make a “quick start” after the crisis – thinks Mikhail Sukhov, chairman of the CB’s department for financial rehabilitation. But if “cutting the numbers” is concerned, then market factors will have more influence than the regulator’s actions.

Medvedev promised bonuses to businesses that comply with eco standards

Switching to modern eco standards should benefit businesses while their violation should be punished with fines – said Russia’s President Dmitry Medvedev during the meeting of the government’s eco council.