Новости

IASB completes first phase of financial instruments accounting reform

The International Accounting Standards Board (IASB) issued today a new International Financial Reporting Standard (IFRS) on the classification and measurement of financial assets. Publication of the IFRS represents the completion of the first part of a three-part project to replace IAS 39 “Financial Instruments: Recognition and Measurement” with a new standard - IFRS 9 “Financial Instruments”. Proposals addressing the second part, the impairment methodology for financial assets were published for public comment at the beginning of November, while proposals on the third part, on hedge accounting, continue to be developed.

Ukrainian credit banking union fears that new rules for foreign currency exchange may drag them to “shadow”

The new rules for foreign currency exchange operations, recently approved by the National Bank of Ukraine (NBU), may drag them to “shadow” – informs “RBC-Ukraine” with a reference to the press-service of the Ukrainian credit banking union (UCBU).

FFMS suspends operations of the Moscow stock exchange

One of the oldest trade grounds in Moscow lost its license: the Federal Financial Markets Service suspended the Moscow stock exchange’s right to carry out transactions with bonds and shares.

IAASB Staff Practice Alert Helps Auditors Plan More Effective Use of External Confirmations

External confirmation procedures can be a compelling tool in obtaining relevant and reliable evidence for audits of financial statements. Recent experience, however, highlights the need for auditors to pay particular attention to circumstances that may affect the planned use of confirmations, including the risk of fraud and the adequacy of evidence.

IASB publishes proposals on the impairment of financial assets

The International Accounting Standards Board (IASB) today published for public comment an exposure draft on the amortized cost measurement and impairment of financial instruments. The proposals form the second part of a three-part project to replace IAS 39 “Financial Instruments: Recognition and Measurement” with a new standard, to be known as IFRS 9 “Financial Instruments”.

IASB simplifies requirements for disclosure of related party transactions

The International Accounting Standards Board (IASB) issued today a revised version of IAS 24 “Related Party Disclosures” that simplifies the disclosure requirements for government-related entities and clarifies the definition of a related party. The revised standard is effective for annual periods beginning on or after 1 January 2011, with earlier application permitted.

ACCA calls for “green taxation” despite the crisis

Experts warn that ecological taxation solely for the purpose to increase tax collections (thus – revenues to the budget) should be used with extreme caution, strongly sticking to the plan. ACCA says that carbon taxation will never become the “cure-all solution” as, it really looks like, it is treated by many governments of the world’s developed economies.

World experts see three different scenarios of recovery

Experts of the WPP Group plc. see three different “letters” of how counties are going to recover from the recession – L, U or V. There is also some certain probability of yet another crisis if one of the financial bubbles which present on the market, explodes.

The law on trade in Russia screwed again

The law project on trade passed its first reading in September, but for its even more important second reading, it failed to loose most of its most redundant provisions. And even more than that: the State Duma is about to add some amendments that will toughen all of the law’s provisions that were once softened during this summer’s discussions held by vice-prime minister Victor Zubkov.

PCAOB May Scrap Auditor Sign-off Proposal

The Public Company Accounting Oversight Board has received mostly negative comments on a recent proposal to require engagement partners with final responsibility for an audit to sign the audit report, and it may end up abandoning the idea.