Новости

PCAOB Reproposes Auditing Standard on Engagement Quality Review

The PCAOB today voted to repropose for comment an auditing standard on Engagement Quality Review (EQR). The Board first proposed a new standard on EQR on February 26, 2008.

IASB enhances financial instruments disclosures

The International Accounting Standards Board (IASB) today issued amendments that improve the disclosure requirements about fair value measurements and reinforce existing principles for disclosures about the liquidity risk associated with financial instruments.

Six signs of the end of the crisis

Most of the global economists predict that the recession will last until 2010. Until then, one has to remain calm and get ready to survive – or try to make the crisis work in his or her favor. But what is even more important – one has to remain vigilant in order not to miss the moment when it becomes obvious that the recession is coming to an end. There are a number of signs to show that the economy is ready to come out of the recession.

IAASB Completes Clarity Project; New Web Page Features Full Suite of Standards and Resources

The International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board under the auspices of the International Federation of Accountants (IFAC), has completed its Clarity Project with the release of the final seven clarified International Standards on Auditing (ISAs), following the consideration and approval by the Public Interest Oversight Board (PIOB) of due process.

FRC publishes an Update on Going Concern for Directors of Smaller Companies

Most small companies may opt out of an audit and/or file abbreviated accounts at Companies House. However, they are still required to produce a full set of financial statements, for which they may use the Financial Reporting Standard for Smaller Entities (FRSSE).

U.S. should act aggressively to evade stagnation - Bernanke

Chief of the Federal Reserve Ben Bernanke encouraged the U.S. official authorities to act aggressively in order to evade prolonged stagnation of the economy. With the corresponding announcement, he addressed the Senate’s committee today.

“Finam” caught on short selling

The investment company is punished for short selling practices (which were completely prohibited by the regulator in last year’s fall in order not to allow panic selling of securities on financial markets). However, “Finam” disagrees with the decision; its representatives say that it is very likely the Federal Financial Markets Service messed shorting with REPO operations.

IFAC Publishes Award-winning Articles for PAIBs; Governance, Risk, and Leadership Issues Covered

Financial leadership, measuring board performance, and managing strategic risk are among the topics covered in a new publication “Articles of Merit” released by the International Federation of Accountants (IFAC). This publication includes 11 previously published articles that were selected by IFAC’s Professional Accountants in Business (PAIB) Committee as part of its annual “Articles of Merit Award Program for Distinguished Contribution to the Roles and Domain of Professional Accountants in Business”.

APB set to review ethical standards

The outgoing accountancy regulator has warned against flouting ethical standards, ahead of an upcoming review of auditor ethics. Paul Boyle, chief executive of the Financial Reporting Council, said a review of standards relating to the sale of non-audit services to audit clients is set to begin in weeks to “put the issue beyond doubt”.

Europe may find a way to help member states in trouble before IMF

The European Union may find a way to help member states in trouble (if needed) before they go the International Monetary Fund (IMF), but this should never go into public – announced the EU’s Commissioner for Economic and Monetary Affairs Joakim Almunia this Tuesday.