Новости

FASB Accounting Standards Codification(TM) Now Provides Users with Information about Related XBRL Elements

Users of the FASB Accounting Standards Codification(TM) will now find it easier to access certain information about eXtensible Business Reporting Language (XBRL) elements of the U.S. Financial Reporting Taxonomy that link to the Codification.

Ukraine advised to stimulate private investors

Ukraine may seriously fall behind in the post-crisis period, and in order to prevent this outcome, the country is advised to implement measures to stimulate private investments - said Philippe Le Houerou, new World Bank Vice-President for Europe and Central Asia, in his interview to Ukrainian “Zerkalo Nedeli”.

Lawmakers promise much less tax accountancy in 2010

Starting from 2010, certain changes in Russia’s Internal Revenue Code are very likely. That’s what Sergei Shtorgin (deputy chair of the State Duma’s committee for the budget and taxes) explained last week at the conference held by the Chamber of Tax Consultants.

Regulators increase minimal capital requirements for insurance companies in Russia

The Federal Service for Insurance Supervision proposed to introduce tougher requirements for insurers, among other things – almost tripled minimal capital requirements, and the necessity to approve any shareholder’s candidate if he or she possesses more than 10% of a company’s shares.

FASB Issues Proposed Accounting Standards Update - “Research and Development (Topic 730): Research and Development Assets Acquired and Contingent Consideration Issued in an Asset Acquisition”

Before the recent amendments to the accounting requirement for business combinations, research and development assets were accounted for in the same manner irrespective of whether they were purchased as individual assets, as part of a group of assets or in a business combination.

Wave of M&A imminent for Ukraine’s banking sector

Ukrainian banking sector awaits a wave of mergers and acquisitions. As a result, quantity of credit financial institutions in the country will decrease – predicts chief of the National Bank’s of Ukraine governing board Peter Poroshenko.

Russian auditors register first self-regulatory organization (SRO)

The Ministry of Finance of the Russian Federation is commencing registration of auditors associations that will allow them to work on Russian markets starting from 2010. The very first self-regulatory organization that acquired the permission to carry out business activities is the Audit Chamber of Russia. It comprises the “Big Four” audit companies plus some other as well. Auditors that fail to acquire the Minfin’s permission until the end of the year are loosing the right to service their clients.

The Banker/IFAC Survey Shows Small Business Lending Holds Steady

Some small and medium-sized enterprises (SMEs) may have access to more credit down the road, but will have to pass more rigorous tests to demonstrate their creditworthiness, according to the findings of a global survey of banks conducted by “The Banker” magazine in association with the International Federation of Accountants (IFAC). The survey results, released today in a supplement on supporting small and medium-sized companies in the October issue of “The Banker”, also confirmed the critical role that accountants play in providing information that influences lender decision making.

Watchdog to bite on “sensitive” data

Authorities fear companies will attempt to duck accounting rules that force them to disclose potentially sensitive information to investors and rivals. The Financial Reporting Review Panel (FRRP) is taking an interest in disclosures to the markets amid concerns some companies could try to avoid new segmental accounting rules, which force them to disclose internal information.

Effective Date of PCAOB Rules Requiring Reporting By Registered Firms Revised To December 31, 2009

The Public Company Accounting Oversight Board announced today a change in the effective date of new rules and forms that require reporting by registered public accounting firms and that provide for succeeding to the registration status of a predecessor firm. The rules, rule amendments, and forms were approved by the Securities and Exchange Commission on August 13, 2009, and were previously scheduled to take effect on October 12, 2009.