Новости

EFRAG’s DP on separate financial accountancy

The European Financial Reporting Advisory Group (EFRAG), Spanish Instituto de Contabilidad y Auditoría de Cuentas (ICAC), Italian Organismo Italiano di Contabilità (OIC), and Dutch Raad voor de Jaarverslaggeving (RJ) have issued a joint discussion paper on the subject of separate financial accountancy.

US GAAP Taxonomy 2015 ready

The Financial Accounting Standards Board (FASB) issued a draft version of Taxonomy for American accounting standards for the next year 2015. Consultations will last until the end of October.

Arthur Andersen may get back to business

The scandalously known audit company Arthur Andersen (ex-auditor of Enron and until 2002 – one of the “Big Five” global auditors together with PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG) may get back to business. A group of its former partners today running Wealth & Tax Advisory Services (WTAS) is ready to buy its former brand name back.

GAAP-IFRS.COM Digest: 25-29 August

CB and Minfin working on its own version of SWIFT

The Central Bank and the Ministry of Finance have developed a draft project of an analogue for the Society for Worldwide Interbank Financial Telecommunications (SWIFT) – informed recently the deputy chairman of the finance ministry Alexei Moiseev.

IPSASB consults whether GBEs are able to apply its standards

The International Public Sector Accounting Standards Board (IPSASB) issued a consultation paper this week which deals with applicability of IPSASs in so-called “Government Business Enterprises”.

5 elements of effective judgment for auditors

Investors have always heavily relied on critical approach which auditors adapt in their work. However, how to make should they exercise enough of professional skepticism?

FASB presents new going concern guidance

This week the US Financial Accounting Standards Board presented a set of amendments to accounting standards ASU 2014-15 «Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern». It deals with disclosure of information about uncertainty of a company’s ability to continue its business operations in the future. A similar project by the IASB is not ready yet.

Minfin of Russia is ready to give Visa and MasterCard more time to prepare

The Ministry of Finance is ready to give international payment systems Visa and MasterCard yet another delay to organize local processing in Russia.

IAESB’s Annual Report 2013

The International Accounting Education Standards Board presented its latest annual report for 2013, describing its last year’s activity on enhancing quality of professional accounting education around the world and strengthening public confidence in competence of professional accountants.