Новости

New IFAC Paper Highlights Roles of Regulators and Profession in Standard-Setting Process

A policy position paper released today by the International Federation of Accountants (IFAC) describes and explains the international standard-setting process, particularly for International Standards on Auditing (ISAs). The paper, “International Standard Setting in the Public Interest”, explains how responsibility is shared between public and private sector organizations to produce high quality standards that are in the public interest.

Tax inspections getting harder

The Federal Tax Service predicts that there’s going to be a splash of “tax minimization schemes” pretty soon, which is why control is going to get tougher.

FASB Issues FSP FAS 140-4 and FIN 46(R)-8

The Financial Accounting Standards Board (FASB) today issued FASB Staff Position (FSP) FAS 140-4 and FIN 46(R)-8 “Disclosures by Public Entities (Enterprises) about Transfers of Financial Assets and Interests in Variable Interest Entities”.

IASB publishes revised proposal to eliminate unnecessary disclosures for state-controlled entities

The International Accounting Standards Board (IASB) today published a revised proposal to simplify the disclosure requirements that apply to state-controlled entities.

Kremlin proposed to free companies from inspections

Yesterday Sergei Naryshkin, chief of the President’s administration in Russia, announced the government’s intention to free companies from subsequent inspections for 2 or even 3 years.

Moody’s lost positive attitude towards Russia

Moody has recently lowered its expectations in respect to Russia’s rating, but doesn’t see any negative tendencies. The CRA remains loyal towards the Russian Federation. However, it won’t increase its ratings in the nearest future.

CB to send inspectors to banks receiving its financial support

The Central Bank of the Russian Federation will soon be able to assign its supervisors to any credit organization receiving its anti-crisis financial support. This Wednesday a group of the State Duma’s deputies from the “United Russia” political party introduced amendments to the law “About the Central Bank”. They promised not to leave  funds to be received by banks as an anti-crisis support without control.

SEC, MSRB: New Measures to Provide More Transparency Than Ever Before for Municipal Bond Investors

The Securities and Exchange Commission today announced that it has unanimously approved measures that will shine more light than ever before on the municipal securities market by tapping the power of the Internet. For the first time, investors will have a free, one-stop way to find municipal bond information online to help them make investment decisions.

PCAOB Issues Staff Audit Practice Alert on Audit Considerations In the Current Economic Environment

The Public Company Accounting Oversight Board today issued a Staff Audit Practice Alert to assist auditors in identifying matters related to the current economic environment that might affect audit risk and require additional emphasis in audits of financial statements and audits of internal control over financial reporting.

ASB issues Improvements to Financial Reporting Standards

The Accounting Standards Board (ASB) has today issued a Financial Reporting Standard (FRS) of Improvements to Financial Reporting Standards so as to maintain the existing levels of convergence between UK and International Financial Reporting Standards.