Новости

Accounting rules delayed for NHS charities

A decision by the Treasury to delay by one year the introduction of an international accounting standard, which could see accounts of some NHS charities consolidated into the group accounts of an NHS parent body, has been welcomed by the Charity Commission.

FSA getting tougher on financial companies

The Financial Services Authority (FSA) of Great Britain is getting tougher with financial regulation: for various violations committed, fines may be increased in three times, reaching 20% of annual revenue for legal entities and 40% of annual income for private individuals.

Financial reform in the US stalled by the new regulator’s authorities

The US Senate is still too slow with approval of amendments to the law on financial regulation that were proposed by the White House “chief” Barack Obama. The main point of disagreement here are authoritative powers of the new financial markets regulator.

240 business entities will be excluded from the list of Russia’s strategic companies

Russia’s Prime Minister Vladimir Putin proposed to exclude approximately 240 business entities from the list of strategic companies. He reminded that more than 200 companies would still remain – including the ones working for the defense industry.

Auditors need to do more, says FRC chief

Audit firms must give more assurance that management claims in annual reports are reliable, in order to justify having the protection of statutory limits on their liability for company failures, the CEO of the Financial Reporting Council has said. Auditors are only required to state whether their client’s financial statements give a “true and fair” view.

Private Company Panel Members Appointed

Members have been named to a blue-ribbon panel to provide recommendations on accounting standards for privately held companies.

Companies are making fewer accounting mistakes

Just 630 U.S. companies reported 674 accounting problems serious enough to warrant a restatement last year, a dramatic 24% decline from the number of companies with accounting problems in 2008.

IMF struggles against currency reserves

It’s going to be a new financing mechanism to be known by the name “multicountry credit line”. It is expected to be approved next fall, during the annual meeting of the Fund’s trustees.

Record candidates and improved results in ACCA’s latest exam figures

Record numbers of students entered ACCA’s (Association of Chartered Certified Accountants) latest examinations, with those taking the professional level papers achieving a pleasing set of results.

FRC rated “world class” by government oversight body

The UK’s financial reporting regulator was praised for its “world class” approach in a report.