Новости

Foreign investors will be asked for their opinion on amendments to Russia’s law on investments

Foreign investors will be able to get themselves ready for the new amendments to the law that regulates investments as the head of the Federal Antimonopoly Service Igor Artemiev proposed to ask for their opinion before consideration of those by the State Duma of Russia. Their opinion will be taken into accountant before approval.

Panel to Deliberate on Private Company Standards

The American Institute of CPAs and the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board, are setting up a “blue-ribbon panel” to discuss how U.S. accounting standards can best meet the needs of users of private company financial statements.

PCAOB Reproposes Auditing Standards on Auditor Risk Assessment

The PCAOB today voted to repropose for comment seven auditing standards and related amendments that collectively would revise the requirements for assessing risk in an audit.

IFAC’s Accounting Education Standards Board Releases New Framework and Drafting Conventions to Enhance Clarity of its Standards

The International Accounting Education Standards Board (IAESB), an independent standard-setting board within the International Federation of Accountants (IFAC), has released its “Framework for International Education Standards for Professional Accountants” (the Framework), which enhances the relevancy, consistency, and applicability of its publications to IFAC members.

Ukraine advised to change its bankruptcy procedures

Today’s procedures for bankruptcy in Ukraine are highly ineffective, expensive and time consuming – informs “RBC-Ukraine” with a reference to Andrei Lobach, senior manager of the investment projects department in the Foundation for Effective Governance.

Misuse of foreign currency will be severely punished

The National Bank of Ukraine promised to punish misuse of foreign currency that was purchased by banks from the regulator during currency interventions and auction selling.

FAS plans to agree upon the formula for oil products until the end of the year

Until the end of 2009, the Federal Antimonopoly Service of Russia (FAS) wants to finish with the formula for pricing of oil products – informs its chair Igor Artemiev in the interview to “RIA Novosti”.

CEBS draft revised guidelines on stress testing

The Committee of European Banking Supervisors (CEBS) today publishes the draft of its revised Guidelines on stress testing for consultation. The consultation is open to all interested parties, including supervised institutions and other market participants.

Deloitte CIS held a roundtable on financial accountancy transformation

Deloitte CIS held a roundtable “Reporting from RAS to IFRS/US GAAP: overcoming complexity”. The audit company’s representatives reviewed popular IT system of business automation of today (like “1C”, “SAP” or “Oracle”).

Verkhovna Rada simplifies organization of business in Ukraine

The law decreases requirements for regulatory capital of business organizations and also decreases the number of all possible types of business organization subject to mandatory licensing.