Новости

SEC Office of the Chief Accountant Releases Staff Accounting Bulletin

The Office of the Chief Accountant of the U.S. Securities and Exchange Commission today issued updated guidance on how the agency’s staff interprets accounting rules related to the oil and gas industry.

A CESR analysis sees room for better compliance with IFRS disclosures

CESR publishes today an analysis (Ref. CESR/09-821) of the compliance of European financial institutions with disclosure requirements related to financial instruments. The findings revealed that, in some areas, a significant proportion of companies failed to comply with mandatory disclosure requirements relating to financial instruments, for example regarding the use of valuation techniques and on relationships with special purpose entities (SPEs).

In the end of the recession, Russian banks face even tougher supervision

After the second wave is over, banks of Russia will face banking supervision and regulation of maximum intensity: the Central Bank will watch after everything, from interest rates on deposits to banking ownership structure.

IASB and FASB to Meet Monthly on Standards Overhaul

The International Accounting Standards Board and its U.S. counterpart, the Financial Accounting Standards Board, plan to meet on a monthly basis in order to achieve the goal of converging accounting standards by June 2011.

ASB publishes Review of Narrative Reporting noting continuing challenges for companies

The Accounting Standards Board (ASB) has today issued “Rising to the challenge”, the report of its review of the narrative reporting of 50 UK listed companies in 2008 and 2009.

AADB publishes finalized changes to its Accountancy Scheme

The Board finalized its proposals following a wide-ranging review of the Accountancy Scheme, a public consultation and discussions with the professional bodies who participate in the Accountancy Scheme (the Participants).

S&P lowers Ukraine’s rating to “stable”

The international rating agency Standard & Poor’s has reviewed Ukraine’s forecast from “positive” to “stable”, confirming the country’s long-term and short-term sovereign rating for liabilities in foreign currency at the level “CCC+/C”. The same sovereign ratings for liabilities in national currency is left at “B-/C”.

World Bank “lost” in Ukraine’ taxes

The World Bank named Ukraine one of the countries with the most confusing taxation systems in the world.

Russian anti-monopoly set coming into force

Starting from October 30, a law comes into force in Russia that provides much more severe punishment for price collusion than it was before.

BAS publishes consultation paper on actuarial information for accounts

The Board for Actuarial Standards (the BAS) has today published a consultation paper setting out proposals for a technical actuarial standard on actuarial information used for accounts and other financial documents. Actuarial information is used in the reporting of pension scheme costs and in determining the earnings of insurance companies.