Новости

CB of Russia plans to cancel banking licenses for miscalculation of capital

The Bank of Russia decided to tougher liability of banks for inadequate accountancy or purposeful mocking accounting records.

Madoff could have been caught 17 years ago

The US regulator could have stopped Bernard Madoff’s £65 billion Ponzi scheme 17 years ago according to a scathing internal report. An investigation of events leading up to Madoff’s eventual capture and conviction found the US Secutiries and Exchange Commission had “ample information in the form of detailed and substantive complaints”.

Niemeier to Leave PCAOB

Public Company Accounting Oversight Board member Charles Niemeier said he plans to leave the board in the near future. “I am grateful for the opportunity to serve as one of the founding board members of the PCAOB and to play a role in its development”, - he said in a statement.

PCAOB Publishes Staff Questions and Answers on References to Authoritative Accounting Guidance in PCAOB Standards

The Public Company Accounting Oversight Board today published staff questions and answers about references to authoritative accounting guidance in PCAOB standards.

NBU creates a “good bank” to save others from bankruptcy

To save commercial banks from bankruptcy, the National Bank of Ukraine plans for create a special credit organization – the state-controlled “sanation” bank. That’s what was announced by NBU’s chief of the banking regulation department Vasilij Pasichnik.

Ukrainian banks with problematic assets above 10% obliged to report to NBU

“For banks that have a share of negatively classified assets above 10% of total volume of assets for which they are obliged to estimate risks and to form resources, it is necessary to present a detailed plan of measures to lower the amount of negatively classified assets to the department of banking supervision (of NBU)”, - says the official letter of the National Bank of Ukraine from August 27th.

Russian won’t take any credits from IMF

At yesterday’s meeting Russian Prime Minister Vladimir Putin addressed the minister of finance Alexei Kudrin with the question on feasibility to acquire a credit from the International Monetary Fund.

CB of Russia to specify the order of cancellation of banking licenses for inadequate accountancy

The Bank of Russia plans to specify procedures of cancellation of licenses to provide banking services in Russia in case the organization presents inadequate (false) accounting information.

“We comment on “credit risk” discussion paper” – Deloitte

Deloitte Touche Tohmatsu has submitted comments on the IASB Discussion Paper “Credit Risk in Liability Measurement”. We support the Board’s effort to address this critical topic and believe that future standard setting would benefit if the IASB were to define a consistent set of principles for when credit risk should be reflected in liability measurements.

Net losses of “Naftagaz of Ukraine” under IFRS increased 30 times in 2008

“Naftagaz” has published the audit report of its financial accountancy under IFRS. According to it, net losses for the year 2008 reached 2.008 billion hryvnas ($251 million) - announced the company today. It is 30 times more than in 2007 (66 million hryvnas, or $8.2 million).