Новости

IASB scraps IAS 19 amendment

The International Accounting Standards Board has voted to scrap plans to alter the way IAS19 discount rates are calculated in countries where there is no deep corporate bond market.

Effective profit tax rate in Europe stopped decreasing

In 2009, average corporate profit tax rate in EU countries stopped decreasing and stayed at the same level – 23,2%. According to annual tax survey by KPMG, average European VAT rate increased from 19.5% in 2008 to 19.8% in 2009. Russian Ministry of Finance tried to catch up with EU’s tendencies – announced deputy chief of the ministry Sergei Shatalov this Friday. He promised that the profit tax rate (lowered to 20% in 2009) would stay the same for a long time. Also, one has to forget about the ministry’s possible plans for lowering VAT as well.

Russia’s seriously falling behind “BIC”

In the rating of internal financial market competitiveness, Russia went down to the 36th place from the previously held 40th. That’s the worst result among all BRIC countries (Brazil, Russia, India, and China). Great Britain has taken the lead while last year’s leader (the USA) went down to the 3rd place.

FASB Establishes Not-for-Profit Advisory Committee

The Financial Accounting Standards Board (FASB) today announced the establishment of the Not-for-Profit Advisory Committee (NAC). The NAC is intended to serve as a standing resource for the FASB in obtaining input from the not-for-profit sector on existing guidance, current and proposed technical agenda projects, and longer-term issues affecting those organizations.

Accounting Standards Board of Japan Meets with Financial Accounting Standards Board to Discuss Global Convergence

Representatives of the Accounting Standards Board of Japan (ASBJ) and the Financial Accounting Standards Board (FASB) gathered this week in Norwalk, CT. Led by Ikuo Nishikawa, chairman of the ASBJ, and Robert H. Herz, chairman of the FASB, the meeting was the eighth in a series of discussions between the ASBJ and the FASB designed to enhance dialogue between the two Boards in their shared pursuit of global convergence of accounting standards.

IAASB Issues Consultation Paper to Enhance Reporting on Greenhouse Gases

As the world turns its attention to the Copenhagen talks later this year for a successor to the Kyoto Protocol on reining in carbon emissions and other greenhouse gases (GHG), the International Auditing and Assurance Standards Board (IAASB) is making significant progress to develop a new assurance standard on GHG statements. Today, the IAASB released a Consultation Paper seeking views on key issues in developing that standard.

Ukraine intensifies struggle with money laundering

Ukraine intends to give the State’s Custom Service the right to arrest foreign currency funds upon suspicion that those are being used in money laundering – informs press-office of the State Committee for Financial Monitoring of Ukraine (SCFM).

FFMS eased issuing of depositary receipts

The Federal Financial Markets Service (FFMS) of Russia has prepared a law project for easier issuing of depositary receipts by companies. The regulatory body’s chief Vladimir Milovidov awaits its coming into force in 2010.

Basel II capital requirement to be implemented in Russia

In a year and a half, banks in Russia will face international-type capital requirements: the Bank of Russia decided to implement international Basel II standards starting from the second half of 2010. Experts warn that such fast implementation in Russia is a bit premature, and only large banks under the government’s control will be better-off.

HMRC criticized over XBRL by accountants

HMRC’s introduction of XBRL and online filing is impossible to meet warns accountants in practice institute. The institute of certified practicing accountants has warned that the government compulsory move to online tax filing by April 2011 is impossible to meet.