Новости

FSA to be audited by NAO

The financial watchdog is to have its own accounts scrutinized, with the appointment of the National Audit Office as its auditor.

CCH and Grant Thornton Create IFRS Tax Guide

CCH and Grant Thornton have teamed up to produce IFRS Tax Manager, an online guide to International Financial Reporting Standards, aimed at helping tax, audit and accounting professionals comply with tax accounting and reporting standards under IFRS.

CRAs suspected in doing harm to financial markets

Ohio Attorney General Richard Cordray issued claims against all three leading credit rating agencies, accusing them in doing harm to financial markets. Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings assigned unreasonably high ratings to mortgage bonds.

Almost half of all banks’ losses aren’t disclosed yet

The global banking system still has something to be afraid of. Banks that suffered from the financial crisis haven’t disclosed half of their losses yet – thinks Dominique Strauss-Kahn, managing director of the International Monetary Fund. Although he doesn’t think there’s high probability of the “second wave”, one has to be careful and not to be absolutely sure that it will be avoided.

CIMA signs agreement with World Bank

An agreement, the first of its kind, has been sealed between the World Bank and one of the UK’s accountancy institutes to train finance and accounting employees as part of its professional accountancy qualification.

IFAC Presses for Action to Adopt and Implement Global Financial Standards

The International Federation of Accountants’ (IFAC) 32nd annual Council meeting in Washington, D.C., this week emphasized the urgency of achieving global adoption and implementation of financial standards, especially for accounting and auditing.

ACCA and other organizations call to support small and medium enterprises

If the world’s governments don’t make solving small and medium enterprises’ problems a high-priority task, they risk violating stability of the global recovery – warned the Association of Chartered Certified Accountants (ACCA), CPA Australia and CGA-Canada.

The US needs a financial reform – T. Geithner

The US needs a financial regulation and supervision reform – claimed Timothy Geithner (the country’s finance minister) during his speech.

Russia is the world’s “leader” in economic crime - PwC

“Either Russia has the highest level of economic crime, or people here are more sincere that anywhere else in the world” – must have thought PricewaterhouseCoopers during it traditional “Global Economic Crime Survey” (the document was published today). Since the beginning of the financial crisis, about 71% of all surveyed companies have become victims of financial fraud; about one half “lives in fear”.

FSA given power over bonuses and hedge funds

The Financial Services Bill outlined today will hand the FSA new powers to void banker bonus deals and will give the UK watchdog power over hedge funds for the first time.