Новости

Adoption of new Financial Reporting Standard challenging

A desktop review of the latest financial statements of Malaysian companies listed on Bursa Malaysia reveals significant findings.

PwC acquires Sustainable Finance

PricewaterhouseCoopers has acquired international environment and social risk advisory firm Sustainable Finance. The Big Four firm said the move further bolsters its sustainability team following the appointment of senior members to the team. Sustainable Finance was set up in 2003, with members based in the UK, US and Holland.

New SEC Chair May Delay IFRS Roadmap

Mary Schapiro, President-elect Barack Obama’s choice as chairman of the Securities and Exchange Commission, signaled that she could delay the planned transition to International Financial Reporting Standards.

Citigroup is not a “financial supermarket” any longer

Yesterday Citigroup’s chief Vikram Pandit announced that the business model of “financial supermarket” employed by the company for more than 10 years will soon be abandoned. “Reconstruction” is underway to save business from bankruptcy.

Indian Outsourcer to Look for New Auditor

Indian outsourcing company Satyam Computer Services reportedly plans to announce a new auditing firm to replace PricewaterhouseCoopers after the company’s chairman admitted to a massive accounting fraud.

D. Medvedev: “Russia’s ok on short-term liquidity”

Steps taken to stabilize the situation with the banking sector of the Russian Federation yielded positive outcomes.

Standard & Poor’s criticized for imposing redundant information on its clients

One of the world’s largest rating agency Standard & Poor’s is under fire. A complaint was received by “McGraw-Hill Cos”, owner of S&P – several complaints actually, signed by different organizations. “Wall Street Journal” explained that all claims deal with ISIN (International Securities Identification Numbers) for shares and bonds. It appears that Standard & Poor’s is in fact forcing its clients to pay for descriptive database for the ISIN codes.

IASC releases near final version of taxonomy

The International Accounting Standards Committee Foundation has announced the release of the near final version of the IFRS Taxonomy 2009 for public comment.

Paul Boyle to Stand Down as CEO of the Financial Reporting Council

The Financial Reporting Council (FRC), the UK’s independent regulator responsible for promoting confidence in corporate reporting and governance, today announced that Paul Boyle has decided to stand down as Chief Executive.

Oversight Board to consult on Review of requirements for Actuaries and Firms

The Professional Oversight Board, an operating body of the Financial Reporting Council (the FRC), has today announced that it will consult on additional quality assurance requirements for individual actuaries and actuarial firms. The announcement came as it published a summary of responses to its discussion paper “Monitoring and scrutiny of actuarial work”.