Russian government toughens bankruptcy regulation

In times of the crisis, the government of Russia has decided to prevent withdrawal of assets from companies which are about to liquidate. According to the plan, the Ministry for Economic Development should prepare a new project in the first quarter of 2009.

IFAC Examines Developments in Public Sector Performance Measurement Structures

As part of its mission to serve all professional accountants in business, including those working in the public sector, IFAC’s Professional Accountants in Business (PAIB) Committee has conducted a survey to obtain information about the development of financial and non-financial performance measurement and reporting structures in various public sector entities around the world.

Professional Oversight Board publishes detailed arrangements for regulating audit firms from outside the European Union

The Professional Oversight Board has published the detailed requirements to give practical effect in the UK to European requirements for the regulation of the auditors of companies from outside Europe that have issued securities on regulated markets within the EU. The requirements derive from the Statutory Audit Directive, which was agreed in 2006. We estimate that in the UK there are some 570 such issuers from 50 countries audited by around 150 third country audit firms.

Commission adopts consolidated text of IFRS applicable in the EU

The European Commission has adopted on Monday 3 November the consolidated text of all International Financial Reporting Standards (IFRS) in force in the European Union (EU). The consolidated version puts together all IFRS endorsed to date, including the latest amendments endorsed on 15.10.2008. It will enable stakeholders to refer to only one single legal document. This is an important element of the Commission simplification programme aimed at reducing the administrative burden on EU businesses.

Japan temporary lifts capital requirement rules

Japan will ease its requirements for banks to help them in times of the global financial crisis – announced the Minister of Finance Shoichi Nakagawa. “These are steps to deal with the upheaval in global finance within the framework of Basel (capital requirement rules)”, - he said at today’s conference.

CB knows how to make larger banks issue credits to SMEs

The Central Bank of the Russian Federation will compensate losses on the interbank crediting market of all credit organizations with a rating above BB (or Ba1) and capital above 30 billion rubles – announced the regulator this Wednesday. If all banks within a group meet the requirements, then the agreement is signed between the parent company and the CB.

Oversight Board publishes Report on Practical Training for Auditors

The Oversight Board today publishes its review of practical training for auditors. The objective of the review was to consider the effectiveness of the arrangements for the practical training of auditors in the UK in light of increases in audit exemption thresholds and resulting changes in the market structure for audit in the UK.

Russia’s government is not actually asking

After everything done to ensure sufficient liquidity of the banking sector of Russia the government is not actually asking to give credits to the real sector of the economy – it is the order. “The banking sector has more than enough liquidity for normal operations and for issuing credits”, - announced first Vice Prime Minister Igor Shuvalov this Sunday.

FFMS tightens capital requirements

The Federal Financial Markets Service has introduced a new order to calculate capital of professional market participants (stock exchanges, management companies and financial securities registrars) to see whether they meet the existing requirements or not. The regulator presumes that tightening of requirements will ensure fulfillment of their (companies’)obligations while managers think that their position will only worsen because of that.

The International Accounting Standards Board (IASB) today published educational guidance on the application of fair value measurement when markets become inactive

The educational guidance takes the form of a summary document prepared by IASB staff and the final report of the expert advisory panel established to consider the issue.

News 5361 - 5370 из 6228
назадназад 1 ... 535 536 537 538 539 ... 623 дальшедальше