Новости

Russian FTS issued new criteria for largest taxpayers

Russian Federal Tax Service (FTS) by its official order of May 16th amended criteria for largest taxpayers. By these criteria, tax authorities assign organizations to the category of largest taxpayers for their special treatment.

SEC roundtable on recognition of foreign intermediaries

The US Securities and Exchange Commission will host a roundtable discussion on 12 June 2007 on the topic of selective mutual recognition.

Bank of Russia simplifies reorganization procedures

Soon it will be easy for commercial banks in Russian to merge, because the regulators plan to eliminate current requirement of obligatory general meeting of shareholders for both banks that are planning to merge. The CB announced its plans yesterday.

Russian non-profit organizations may be freed from income taxes

The Ministry of Finance of the Russian Federation and the Ministry for Economic Development and Trade of the Russian Federation (MEDT) announced their intention to amend the 25th section of the Internal Revenue Code dealing with taxation of non-profit organizations (NPO).

US sets up audit concentration committee

The US is to follow in the wake of the UK by considering the market dominance of the Big Four auditing firms.

SEC approves new internal control reporting guidance

The US Securities and Exchange Commission has unanimously approved interpretive guidance to help public companies strengthen their internal control over financial reporting while reducing unnecessary costs, particularly at smaller companies.

EU helps Russia with money laundering

European Union has offered ?3.5 million for the Russia’s project to fight money laundering activities and terrorist financing. This is what Paul Vandore, deputy chairman of the European Commission’s office in Russian Federation, said during presentation of the joint EU-Russia project.

FASB’s Herz: We Can Build a Better Reporting System

In a sweeping macro-view of major accounting issues poised to impact the profession, Financial Accounting Standards Board chairman Robert Herz said that the profession can get to a better reporting system, but it’s going to take some changes to get there.

Grant Thornton UK LLP merges RSM Robson Rhodes LLP

British branches of international auditing companies “Grant Thornton International” and “RSM International” have started merger procedure that is supposed to be finished by the 1st of July, 2007.

Cost of s404 compliance falls

The cost of complying with Sarbanes-Oxley internal controls provisions fell 23% in 2006, a new survey shows.