Новости

Financial Accounting Foundation Appoints Edward E. Nusbaum and Luis M. Viceira to Its Board of Trustees

The Financial Accounting Foundation (FAF) today announced that Edward E. Nusbaum and Luis M. Viceira have been appointed to the FAF Board of Trustees. The FAF is the independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

GB’s chief financial regulators to consider the idea of taxes on financial transactions

In his interview to “Prospect” Adair Turner (chairman of the board of the Financial Services Authority) indicated that, if increased capital requirements isn’t enough, he would consider introduction of the tax on financial transactions.

US government eased rules on purchasing of liquidated banks

The Federal Deposit Insurance Corporation (FDIC) is a state-controlled corporation which is responsible for deposit insurance and liquidation of banking assets, and it has voted for introduction of easier requirements for purchasing of collapsed institutions by private equity funds.

International green taxation is vital say ACCA

ACCA has produced a paper urging world governments to make a coordinated strike on tackling climate change. The institute, which released its paper on green taxation in a recession this week, said unless global policies are put in place businesses could be enticed to relocate to a country with less green taxation and will result in a loss of international competitiveness.

James L. Kroeker Named Chief Accountant at SEC

Securities and Exchange Commission Chairman Mary Schapiro today announced the appointment of James L. Kroeker as the Chief Accountant in the SEC’s Office of Chief Accountant. In this capacity, Mr. Kroeker will oversee accounting interpretations, professional practice issues, and international accounting matters. Mr. Kroeker replaces Conrad W. Hewitt, who retired from government service in January 2009.

IASB publishes proposals for amendments under its annual improvements project

The International Accounting Standards Board (IASB) today published for public comment an exposure draft of proposed amendments to eleven International Financial Reporting Standards (IFRSs) under its annual improvements project.

S&P: losses of Russian banks may reach 2.4 trillion rubles

The world’s leading credit rating agency Standard & Poor’s (S&P) forecasts gloomy tendencies for Russian banking system for the nearest three years: total losses on banking credits may reach 2.4 trillion. Some experts say that those estimations are nothing and are aimed at destabilization of the banking market. There are also the ones who were amazed - those will have to rethink stability of the whole banking system in Russia.

The law on bankruptcy eased at oligarchs’ request

The Ministry for Economic Development has prepared its final version of amendments to the law on bankruptcy, providing indebted companies with additional rights. Even the name of the law was changed: the new version sounds like (the Law) “On financial rehabilitation and insolvency (bankruptcy)”.

Auditing Standards Don’t Have Far to Converge

A new study indicates that differences between the international and U.S. auditing standards are fairly negligible and won’t present the challenge now facing the convergence of U.S. GAAP with International Financial Reporting Standards.

Hundreds of companies won’t meet the FFMS’s new requirements

It appears that introduction of those rules may lead to never-ending claims which in experts’ opinion are absolutely not worth it.