Новости

Russian companies turned to sharing information

In 2009 Russian companies published more than 150 thousand reports on significant internal affairs in media sources. That’s a good sign as volumes of disclosed information are increasing. Annual accountancy is also becoming disclosed more commonly than before.

Russian RTS launched new index for most liquid shares

Yesterday the Russian Trading System stock exchange commenced calculation of a new index which reflects behavior of Russia’s most liquid financial securities. The initial value of the index was 10 123 pts.

SEC Approves Engagement Quality Review Standard

The Securities and Exchange Commission has approved a new auditing standard that aims to toughen the requirements for concurring reviews of the work of audit teams. Auditing Standard No. 7 “Engagement Quality Review” was adopted by the Public Company Accounting Oversight Board on July 28, 2009, and was approved last Friday by the SEC.

The setting of international standards on auditing and on accounting ethics

Professor Irina Kuzmina (ICFM Eastern Europe) is interviewing David Damant, the chairman of the Consultative Advisory Group of the International Auditing and Assurance Standards Board.

ACCA calls for improved dialogue between regulators and businesses in 2010

Regulators and businesses need to be able to engage in a common sense business dialogue to ensure that global financial regulation heads in the right direction in 2010, says ACCA (the Association of Chartered Certified Accountants).

IMF’s chief warns on possibility of yet another recession

Head of the International Monetary Fund (IMF) Dominique Strauss-Kahn warned that the global economy may suffer yet another recession – the so-called “double-bottom recession”. Mr. Strauss-Kahn said that the world’s governments should not suspend stimulus packages that had been supporting their national economies until now.

The Accounts Chamber of Russia may start monitoring foreign countries

During his recent meeting with the regulator’s governance Russia’s president Dmitry Medvedev announced that the Accounts Chamber of the Russian Federation could possibly accept the G20’s proposal and start monitoring other countries’ economies.

AICPA Offers Guidance on Fair Value of Investments

The American Institute of CPAs has published a set of technical practice aids to help auditors and preparers understand the accounting rules on determining the fair value of investments in entities that calculate a net asset value.

Swiss want to keep bank secrecy

Four out of five Swill vote for keeping bank secrecy (aka “bank privacy”). The results were shown by the Zurich University’s research.

NBU postpones changes in liquidity normative standards

The National Bank of Ukraine delayed introduction of amendments to liquidity standards for banks for 1 month – from 5 January to 1 February, 2010.