Новости

“Don’t legislate accounting standards”, US accounting chiefs warn

Key accounting figures from bodies including the Center For Audit Quality, CFA Institute, Investment Company Institute, and the US Chamber of Commerce among others, are attempting to block the so called Brown amendment to the Restoring American Financial Stability Act, which would limit leverage ratios at financial institutions.

IASB addresses “counter-intuitive” effects of fair value measurement of financial liabilities

The International Accounting Standards Board (IASB) today published for public comment its proposed changes to the accounting for financial liabilities. This proposal follows work already completed on the classification and measurement of financial assets (IFRS 9 “Financial Instruments”).

APB issues Draft Revised Guidance on the Audit of Insurers

The Auditing Practices Board (APB) of the FRC has today published a consultation draft of a revision of Practice Note (PN) 20: “The Audit of Insurers in the United Kingdom (Revised)”. The consultation period ends on 16 August 2010.

Finance ministers agreed on financial help for Europe

European finance ministers agreed this Monday on the program to support member states. The program worthy $1 trillion may prevent global debt crisis.

SEC may sue Moody’s for erroneous ratings

American office of the international rating agency Moody’s informed that the US Securities and Exchange Commission may file a claim against it: the regulator suspects that description of rating procedures in Moody’s were behind investors’ confusion.

Russia plans to attract “high-tech” investors from abroad

Russian government is deeply interested in attraction of foreign investors to create joint venture in high-tech industries – informed First Deputy Prime Minister Igor Shuvalov during his meeting with journalists.

FASB Sued for Antitrust Violations

The Financial Accounting Standards Board has been sued for patent misappropriation and restraint of trade by a Silicon Valley technology company that has developed an alternative to fair value accounting.

IPSASB Publishes 2010 Handbook of Pronouncements

In two volumes, the handbook contains all current IPSASB pronouncements, including 31 accrual-based standards and the IPSASB’s cash basis standard.

European Commission working on suggestions to get the EU out of the crisis

The European Commission is working on suggestions on “reinforced economic policy coordination” in the EU which include mechanisms to resolve financial crisis situations similar to the one in Greece.

FFMS asking Russia’s market participants to remain calm

Chief of the Federal Financial Markets Service of Russia Vladimir Milovidov is asking Russian professional market participants to remain calm and to apply weighted approach to information received from global financial markets.