Новости

ASB issues Amendment to FRS 20 “Share-based Payment - Vesting Conditions and Cancellations”

The Accounting Standards Board (ASB) has today issued an amendment to Financial Reporting Standard (FRS) 20 (IFRS 2) “Share-based Payment – Vesting Conditions and Cancellations”. The amendment clarifies the treatment of certain cancellations of options granted to employees, following similar amendments issued in January 2008 by the IASB.

IASB opens discussion on proposals to increase transparency in the accounting for post-employment benefits

The International Accounting Standards Board (IASB) published for public comment a discussion paper on IAS 19 Employee Benefits. The paper sets out the IASB’s preliminary views on how the accounting for some post-employment benefits, including pensions, could be improved.

Simpler accountancy for Russia’s smaller businesses

Financial accounting for smaller entities of the Russian Federation will be simplified and the volume of tax accountancy documentation will be decreased correspondingly – promised head of the Ministry for Economic Development and Trade (MEDT) Elvira Nabiullina. “Smaller businesses are very sensitive to tax administration and bookkeeping. We still have a very complicated system of accountancy in Russia. We agreed – and the Ministry of Finance expressed its support for that – that we should go on with further simplifications of financial and tax accounting for smaller enterprises”, - she said.

Bank of Russia defined “non-market” rates for deposits

For the first time ever, the Bank of Russia prepared criteria, according to which non-market rates (meaning those exceeding market average rates) on banks’ deposits will be defined. Rates will be treated as non-market if they exceed either the CB’s refinance rate or LIBOR (or London Inter Bank Offered Rate) for a certain value. For example, under today’s values, rates on ruble deposits will be treated as excessive is they exceed 15.4% per year (9.4% on euro and 5.1% on USD deposits). It appears that even “Sberbank” doesn’t meet those criteria.

New Deloitte Guide to IFRS 5

The Deloitte IFRS Global Office has published an IAS Plus Guide to IFRS 5 Assets Held for Sale and Discontinued Operations.

MICEX introduced exchange-traded bonds

A new type of financial instruments was introduced to Russian financial markets. Exchange-traded bonds are simpler as compared to more common bonds due to shorter term to maturity and much softer procedure of issue, which is expected to ensure their popularity among investors. MICEX was the first one to launch the new financial instrument, exchange traded bonds of “RBC Information Systems”. The issue was organized by “Alfa-bank”: 1.5 million bonds at the nominal price of 1 thousand rubles per 1 bond (equal to the offering price).

“Audit secrets” no more

“We are working on the new blueprint of audit reports”, - said Viktor Pleskachevsky, chief of the Stare Duma’s property committee in his interview to Russian business edition “Accounting, Taxes and Law”. According to him, future audit reports will consist of three parts. The first part will contain information open to general public, but even more comprehensive than it is now. The second section will include information for regulatory authorities. Finally, the final third section will contain “top-secret” information which will be disclosed only under court’s special request.

SEC Announces Next Steps for Implementation of Mutual Recognition Concept

The Securities and Exchange Commission announced a series of actions it intends to take to further the implementation of the concept of mutual recognition for high-quality regulatory regimes in other countries.

APB updates Interim Guidance for Auditors on Anti-Money Laundering Legislation

The Auditing Practices Board (APB) issued an update to Practice Note 12 (Revised), “Money Laundering - Interim guidance for auditors in the United Kingdom” which replaces the version issued in January 2007.

Most recent discussions of the National Accounting Standards Board of Russia

At the latest meeting on March 20th, members of the National Accounting Standards Board of Russia (NASB) held a preliminary exchange of views on proposals by the International Accounting Standards Board (IASB) issued for public discussions, meaning IFRIC D 23 “Distributions of Non-cash Assets to Owners” and IFRIC D 24 “Customer Contributions”. Based on those views exchanged during this meeting, two projects of comment letters will be ready for the next meeting and will then be sent to IASB.