Новости

Proposed IFRS on lease accounting under fire

Leaseurope, a federation of 47 European leasing associations is calling on the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) to rethink their plans on a lease accounting standard.

IOSCO Publishes Principles on Cross Border Supervisory Cooperation

The International Organization of Securities Commissions (IOSCO) has today published a set of “Principles Regarding Cross-Border Supervisory Cooperation” developed by its Technical Committee’s Task Force on Supervisory Cooperation.

The Ministry for Economic Development offers SMEs even more protection

This year the Ministry for Economic Development is going on with its “favorite” support for small and medium-sized entities in Russia. Apart from increased financing of smaller companies form the budget, the ministry has plans on the new procedure to estimate influence of all new legislative innovations from whatever ministries they come.

Medvedev asked foreign investors to promote Russia’s attractiveness

Russia’s President Dmitry Medvedev asked foreign investors to promote Russia’s image abroad. His meeting with representatives of America’s largest hedge funds took place this Tuesday, during which they talked a lot on the negative perception of Russia as if there were still 90-es here.

Chartered Accountants to Institute Quality Assurance Review Programme

The Institute of Chartered Accountants Ghana (ICAG) will soon institute a quality Assurance Review Program to ensure adherence to quality standards in the accounting profession.

AICPA Survey Shows U.S. CPAs Gaining in Awareness of International Financial Reporting Standards

U.S. Certified Public Accountants are gaining awareness about International Financial Reporting Standards and CPAs increasingly foresee a need to gain advanced, or expert knowledge as the U.S. moves toward global accounting standards over the next three to five years, according to a recent survey conducted by the American Institute of Certified Public Accountants.

Joint-stock companies in Russia will be divided into public and private

Soon all joint-stock companies in Russia will be divided into public and private, with different requirements for corporate companies. The financial institute of closed joint-stock companies (CJSCs) will be eliminated.

Official statements concerning public companies will be put under control

Official statements concerning public companies made by government officials in public will likely be restricted. The reason for that became the Central Bank’s statements concerning violations found in “Sberbank”: the regulator’s deputy chairman Sergei Golubev who publicly informed on the Bank of Russia’s plans to leave Sberbank’s capital.

Boardroom code to push for regular election of directors

Directors could be forced to seek re-election by shareholders every year, under measures that will be announced this week in an attempt to make the boardroom more accountable.

Financial Fraud Leads to Bankruptcy, Failure

Fraudulent financial reporting by U.S. public companies often results in bankruptcy or business failure, according to a new study, and often results in significant immediate losses for shareholders and penalties for executives.