Новости

EU turns spotlight on Big Four auditors

The European Commission will launch an investigation into the dominance of the Big Four accountancy firms and look at governance issues exposed in the aftermath of the financial crisis.

Investors getting ready for a Greek default

All European newspapers today inform on lowering of Portugal’s and Greece’s  ratings by S&P. Euro exchange rate and quotations of European bonds are falling again, and all promises of support aren’t able to stop the panic.

CEBS published its Principles for disclosures in times of stress

The Committee of European Banking Supervisors (CEBS) published its Principles for disclosures in times of stress intended to guide financial institutions in the preparation of public disclosures made to conform with existing disclosure requirements or recommendations or on an ad hoc basis, incorporating the lessons learnt form the financial crisis.

Companies’ dividends will be taxed in Ukraine

The Verkhovna Rada of Ukraine has approved amendments to the law “On taxation of companies’ profits” where it deals with dividends.

IPSASB Publishes Proposals for Amendments under Its Annual Improvements Project

The International Public Sector Accounting Standards Board (IPSASB) today released for comment exposure draft (ED) 44 “Improvements to International Public Sector Accounting Standards” (IPSASs).

FASB Issues Accounting Standards Update 2010-16 “Entertainment – Casinos” (Topic 924)

The objective of this Update is to address diversity in practice in the accounting for casino base jackpot liabilities.

Impairment user questionnaire

On 26 April 2010 the International Accounting Standards Board (IASB) produced a questionnaire for financial statement users on amortized cost measurement and impairment of financial instruments.

Moody’s sees nothing positive for Ukraine’s banks in 2010

The agency made a thorough analysis of the current tendencies of banking systems in 12 countries, including CIS, Baltic countries, and Eastern Europe. It concluded that most of those would stay with their current negative forecast.

The law on bankruptcy stalled due to the “conflict of interests”

The Ministry for Economic Development of Russia came up with new amendments to the law “On insolvency (bankruptcy)”. It is clear that the document was put under thorough technical revision. However, authors of those amendments and external legal advisers see nothing conceptually new here.

SEC accountants watched porn during crisis

Senior Securities and Exchange Commission (SEC) officials spent hours viewing pornographic material on government computers when they should have been regulating Wall Street during the financial crisis.