PwC sees positive tendencies with unemployment

After the deepest recession for the last half-century, the global economy is step-by-step getting back to its normal stance, also gaining trust among entrepreneurs. This means that more and more companies are hiring new personnel, as it is shown by results of the last survey by PricewaterhouseCoopers (PwC).

Property body welcomes accounting backstep

The International accounting rule maker said it would reconsider forcing landlords to keep their property income off their balance sheets, under proposed new rules.

Accounting Boards Define Fair Value

The Financial Accounting Standards Board and the International Accounting Standards Board tentatively decided to define fair value as an exit price during a three-day joint meeting this week.

The World Economic Forum commencing in Davos

The annual international economic forum is to be open in Swiss Davos tomorrow. As compared to the last year’s meeting, a serious shift in priorities is expected.

Foreign securities finally allowed to Russian stock exchanges

Russian investors will be able to purchase financial securities of foreign companies and investments funds right here, on Russia’s stock exchanges – RTS and MICEX. The Federal Financial Markets Service has recently published the corresponding order which allows foreigners to place their securities here.

Free Training Offered on IFRS for SMEs

The International Accounting Standards Committee Foundation has published a set of training material on International Financial Reporting Standards for Small and Midsized Entities, the streamlined set of accounting standards for private companies issued last year.

IPSASB Publishes Three New Standards on Financial Instruments

The International Public Sector Accounting Standards Board (IPSASB) has published three new standards that cover all aspects of the accounting for and disclosure of financial instruments.

Russia lost in its “economic freedom”

2009 was a real challenge for many countries, and concerning Russia, the financial crisis and increased government’s intervention to the economy took part of the country’s economic freedom – shows the index calculated by “Heritage Foundation”  together with “The Wall Street Journal”. Russia’s index went down by 0.5 pts., and the only favorable condition here is its mild tax regime.

Governance code for audit firms released by ICAEW

After decades spent promoting the virtues of good governance, the audit industry will have to prove that it practices what it preaches with the release of a corporate code. The 18-page document represents the first codification of audit governance standards, anywhere in the world.

IFAC Survey Shows Accountants as Advocates for Small Business and Global Standards, Highlights Corporate Governance Reforms

As world economies recover from the global financial crisis, the Third Annual Global Leadership Survey of the International Federation of Accountants (IFAC) revealed its membership as vocal advocates for small and midsize businesses, as well as for the adoption of global accounting and auditing standards. It also highlighted corporate governance enhancements in jurisdictions around the world.

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