Новости

Russia stays with its rating despite the war – Moody’s

Moody’s Vice President Jonathan Schiffer thinks that what really matters here is the attitude towards foreign investors, owners of jointly controlled enterprises and general legal climate.

SEC, Australian Authorities Sign Mutual Recognition Agreement

Securities and Exchange Commission Chairman Christopher Cox, the Australian Minister for Superannuation and Corporate Law - Senator Nick Sherry, and Australian Securities and Investments Commission (ASIC) Chairman Tony D’Aloisio today entered into a mutual recognition arrangement between the SEC, the Australian government, and ASIC.

Auditors bemoan new JSE requirements

Auditors are up in arms over new JSE requirements compelling them to have registered specialists in International Financial Reporting Standards (IFRS) if they are to audit listed companies. “We really fail to see why it must be auditors who must be IFRS specialists and not listed companies themselves,” Garth Coppin, an audit partner at Ernst & Young, said yesterday.

VAT lowering delayed for at least one month

The long-discussed tax reform and lowering of value added tax in Russia was further delayed. Consensus is expected to be reached in the next month, when the document called “Strategy for social and economic development of Russia until 2020” that takes into account all recent reforms of healthcare, pensions and taxation, is approved. But the most influential figures – the Ministry of Finance and the Ministry for Economic Development - still differ in opinion in respect to changes in VAT and the uniform social tax (UST).

Appeals Court Rules PCAOB Is Constitutional

The U.S. Court of Appeals for the District of Columbia Circuit held that the manner in which the organization’s board members are appointed and overseen under the Sarbanes-Oxley Act is constitutional. The decision was split 2-1 among the judges, with Judge Brett Kavanaugh dissenting.

FASB suspends income tax project

The Financial Accounting Standards Board has indefinitely suspended deliberations on its project to improve the accounting for income taxes and merge U.S. standards with international ones in this area, according to Crain’s Financial Week.

US to put Russian investments under tough supervision

The Committee on Foreign Investment in the United States (CFIUS) is about to increase requirements for Russian companies purchasing assets in the US.

Business Combinations Topic Released onto the FASB Accounting Standards Codification(TM) for the Verification Phase

Now in its verification phase, the Codification simplifies the organization of thousands of authoritative U.S. accounting pronouncements issued by multiple standard setters.

PwC announces new network organization to build on leading position

PricewaterhouseCoopers announced that, following a wide ranging review of its future strategic direction and the future needs of its clients worldwide, PwC’s Global Leadership and Global Board have proposed changes to the organizational structure of the PwC Network of member firms. These changes build on PwC’s success and its commitment to outstanding service and consistent quality for all of its stakeholders around the world. These changes are a continuation of the ongoing improvements made to the PwC Network since it was formed ten years ago.

Saudi Arabia will let foreigners to its markets

For the first time in history, KSA decided to allow foreign investors to make indirect investments into shares listed at its “Tadawul” stock exchange.