Новости

12 principles of internal audit

The Institute of Internal Auditors (IIA) has suggested a number of amendments to its guidance which contain 12 key principles of efficient internal auditing and a new mission objective.

VTB and Sberbank may possibly by excluded from London Stock Exchange indices

British company FTSE which calculates stock exchange indices (including FTSE100) is now deciding on what to do with Sberbank and VTB which fell under economic sanctions of the USA and the European Union. A final decision may be very tough – complete exclusion from calculation of FTSE indices.

What new sources do you need to adopt international standards?

As part of its future strategy, the Small and Medium Practices Committee is thinking of additional sources of information for practical users among small companies.

Cryptocurrencies may be completely forbidden in Russia

Despite what the Bank of Russia said relative not long ago, there will unlikely be transactions settled in electronic currencies in Russia as this may possibly lead to administrative or even criminal liability.

Dow Jones indices may be calculated without Russian companies

The leading global provider of stock exchange indices (S&P Dow Jones Indices) informed on possible exclusion of Russian companies’ shares from calculation of indices.

GAAP-IFRS.COM Digest: 28 July – 1 August

There will be sales tax in Russia eventually - Putin

Putin draws a line behind discussions around sources of additional income to the budget: there will be the sales tax in Russia - again after so many years - because he didn’t like the idea to increase the VAT.

Singapore adopting tougher requirements for public accountants

With adoption of tougher requirement for public accountants of Singapore it will be harder to acquire official registration starting from 2015 because successful candidates will have to have at least two years of specific work experience.

Assurance of integrated accounts – two new publications by the IIRC

The International Integrated Reporting Council (IIRC) has published two new documents on the subject of assurance and its relation to integrated reports (<IR>).

ASBJ proposed to use modified IFRS standards

Today the Accounting Standards Board of Japan (ASBJ) issued an exposure draft of an important document which describes details of application of “Japan’s Modified International Standards” (JMIS) in preparation of consolidated financial accounts.