Новости

Call for sustainability disclosure standards

More than a dozen accountancy institutes around the world have jointly written an open letter to the political leaders attending the Copenhagen Convention on Climate Change calling for a single set of universally accepted standards for climate change related disclosures.

The APB revised guidance on smaller entity audit documentation

The Auditing Practices Board (APB) of the FRC has today updated Practice Note 26 which provides guidance and illustrative examples on how the documentation requirements contained within ISAs (UK and Ireland) can be applied to smaller entity audits.

IFC interested in problematic assets of Ukrainian banks

The International Finance Corporation (IFC) is studying the possibility of financing of several projects to repurchase problematic assets of Ukrainian banks.

CB of Russia informs on how to disclose information on real shareholders

The Central Bank of the Russian Federation approved two new documents (Order № 2312 and Rule № 345) concerning the way banks will soon be obliged to disclose their shareholders.

The APB issues new guidance to auditors in assessing companies’ Corporate Governance and Going Concern Statements

The Auditing Practices Board (APB) of the FRC has today produced new guidance for auditors on their responsibilities in reviewing a listed company’s statement as to whether the business is a going concern and in reviewing Corporate Governance Statements required by the FSA under its Disclosure and Transparency Rules.

IASB welcomes decision by Japanese FSA to permit domestic use of IFRSs for current financial year

The changes establish an operational framework for the voluntary application of International Financial Reporting Standards (IFRSs) in Japan, starting from the fiscal year ending on or after 31 March 2010 and represent an important step towards the adoption of IFRSs in Japan.

US Congress approves a financial reform bill

The Congress approved a set of measures that provide probable the most radical change of financial regulation in the USA since the Great Depression. There are provisions to create a new regulatory authority - the Consumer Financial Protection Agency, also – to create a fund for $150 billion in case there’s a need to save large financial institutions from bankruptcy. Now it is up to the Senate to decide its fate.

Smaller banks in Russia “stockpiling” capital

According to the Bank of Russia’s forecasts, 80% of smaller banks will still be able to keep their licenses even after the new minimal capital requirements are introduced starting from 1 January 2010 (90 million rubles). Despite what they say on impossibility to find more funds for recapitalization, it looks like they’re actively stockpiling capital resources. The question is in quality of this capital which is yet to be checked by the Central Bank.

IASB’s Leisenring: Pay No Attention to IFRS 9

James Leisenring, a member of the International Accounting Standards Board, told attendees at an accounting conference in New York to disregard the board’s recently issued standard for recognizing and measuring financial instruments, acknowledging that political pressures had forced the board to publish the standard.

CFA Institute Backs Decoupling of Accounting Standards

The CFA Institute expressed its support for Financial Accounting Standards Board Chairman Robert Herz’s statements on the need to “decouple” accounting standard-setting from bank regulation.