Новости

The APB issues Guidance for Auditors on XBRL Tagging of Information in Audited Financial Statements

The Auditing Practices Board (APB) of the FRC has today issued guidance for auditors where financial statements have been tagged for XBRL purposes.

Ukraine slowly climbing out of the “risky” segment

The current 5-year Credit Default Swap (CDS) of Ukraine (which by itself is an indicator of reliability of investments) have fallen down to 912 pts. As compared to Russia’s CDS (186 pts.), this is much, much higher. China’s 5-year Credit Default Swap is much lower than Russia’s – only 83.

Foreign investors ready to repurchase all Russia’s “bad” debts

Foreign investors have announced their readiness to repurchase all “bad” retail debts of Russian banks. They may spend up to $170 million on that, and according to even approximate calculations by experts, this is already enough to cover all problematic credits which will be available for purchase.

EU moves to ease small business accounting burden

An opt-out allowing European Union (EU) small businesses turning over less than ?1m (£865,000) per year to stop filing annual accounts has been proposed by the European Parliament’s legal affairs committee.

IPSASB Publishes New Standard on Intangible Assets, Iprovements to Standards

The International Public Sector Accounting Standards Board (IPSASB) has published a new International Public Sector Accounting Standard (IPSAS) that covers the accounting for and disclosure of intangible assets: IPSAS 31 “Intangible Assets”. It fills a gap in the IPSASB literature and adds some guidance on public sector-specific issues, including intangible heritage assets.

IASB issues limited exemption amendment to IFRS 1

The International Accounting Standards Board (IASB) issued today a minor amendment to IFRS 1 “First-time Adoption of International Financial Reporting Standards”.

The National Bank of Ukraine opts for EU standards

The National Bank of Ukraine is commencing realization of the “Twinning” project – “Reinforcement of the NBU’s potential by getting closer to the EU’s standards on Central Bank’s operations”.

Russia’s banks didn’t even notice new capital requirements

The number of banks that may potentially loose their licenses as a result of increased capital requirements appeared to be twice lower than even the most optimistic forecasts. According to the Central Bank’s official statistics, there are no more than 16 in total. Owners of banking business entities preferred recapitalization to loosing them completely.

Timms calls for better tax disclosure

The Treasury minister, Stephen Timms, is today expected to call for large companies to disclose their profits paid in tax revenue to developing territories where they conduct business, to demonstrate their compliance with local tax regimes.

Davos: battlefield for bankers and regulators

It looks like bankers have chosen Alps as a battlefield where they are planning a coordinated counterattack to harsh economic reforms. In the first working hours of the World Economic Forum, the problem of new regulatory norms for the banking sector becomes the most actively discussed issue.