Новости

PCAOB Issues Staff Audit Practice Alert on Auditor Considerations Regarding Fair Value Measurements, Disclosures, and Other-Than-Temporary Impairments

The Public Company Accounting Oversight Board today issued a Staff Audit Practice Alert to inform auditors of public companies about potential implications on reviews of interim financial information and annual audits of three recently-issued Financial Accounting Standards Board Staff Positions (“FSPs”).

APB issues Exposure Drafts of Clarified ISAs (UK and Ireland)

On 2 March 2009, following a period of consultation, the Auditing Practices Board (APB) announced its intention to update its auditing standards for the new, clarified, International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB).

RTS commencing “RTS Standard”

Among other things, it provides CCP (“Central Counterparty”) trading in anonymous order book without full advance depositing of assets with settlement on T+4, plus portfolio margining with trades made on FORTS, RTS derivatives section, which makes trading in all the instruments possible through using a consolidated cash position.

Banks receiving anti-crisis aid will report on crediting and bonuses – V. Putin

Russian Prime Minister Vladimir Putin promised that banks under the government’s financial anti-crisis support would have to report on credits issued to the economy’s real sector and on bonuses given to their top-managers. “And that should be the final price for the borrower, all fees included”, - he added, thinking of interest rates that banks might have set as a price for credits.

ICAS against US accounting changes

ICAS has hit out at recent US accounting changes, claiming that they could undermine confidence in financial reporting and should not be adopted by the International Accounting Standards Board.

IFRS to Converge with Islamic Accounting Standards

Even as the Securities and Exchange Commission weighs the comments that were due this week on its proposed roadmap to International Financial Reporting Standards, IFRS could be on a convergence path of its own with Islamic accounting standards.

Cyprus no longer a “tax heaven”

Finance ministries of Russia and Cyprus signed a memorandum of understanding on evasion of double taxation. The document provides exchange of confidential information between both countries’ governments – including information on real owners of Cyprus-registered companies.

Minfin keeps taxes as they are

The Ministry of Finance of the Russian Federation developed and sent for consideration its “Major trends of taxation policy of the Russian Federation for 2010-2012” – the document which clearly indicates that there won’t be any lowering of tax burden anymore. This is contrary to what many businesses hoped for.

CFOs on IFRS: Forget about It

When the U.S. economy went into a tailspin last September after big financial institutions faltered and the credit markets seized up, many a project was put on the back burner. One was the Securities and Exchange Commission’s proposal to move all publicly traded U.S. companies to international financial reporting standards by 2016.

IFAC President Robert Bunting Says Time Is Now to Implement Global Standards at World Bank Meeting

Speaking yesterday to staff at the World Bank in Washington, D.C., Robert L. Bunting, President of the International Federation of Accountants (IFAC), said that the global accounting profession, with the support of the World Bank, must move ahead decisively with implementing a single set of high-quality international financial reporting and auditing standards. “Implementation is vital to strengthening global financial systems, especially during this time of economic crisis”, - stated Mr. Bunting.