Новости

NOFA and the Audit Chamber of Russia sign an agreement

Mutual cooperation will be developed in respect to further development of the system of accounting regulation in Russia

Brazil adopts IFRS for public companies in 2010

Earlier adoption would be encouraged.

Special tax regimes for innovative businesses proposed in Russia

The Public Chamber of Russian Federation has prepared a number of amendments to the Internal Revenue Code of Russia that will ease taxation regimes for innovative business practices.

Deloitte Poll: Companies Not Ready for Fair Value

Only 6 percent of companies have assessed how statement No. 157, “Fair Value Measurement,” will impact the valuation of their assets and liabilities, according to a recent online poll conducted by Deloitte Financial Advisory Services LLP.

The Central Bank of Russia is almost out of MICEX

The CB’s deputy chairman Konstantin Korishenko noted that the National Depository Center will arrange its new board of directors, and there will be no Central Bank’s representatives from now on. It is expected to be done no later than in late June or the beginning of July.

Anstee elected to IFA council

Former ICAEW chief executive Eric Anstee has been elected to the council of the Institute of Financial Accountants (IFA).

FAS afraid of corruption of itself from inside

After the most recent amendments to the Code of administrative violations of Russia have been introduced, the Federal Antimonopoly Service (FAS) has become one of the most corruption-risky government authority.

Profit Could Be Lost With New Accounting Statements

In coming months, accounting-rule makers are planning to unveil a draft plan to rework financial statements, the bedrock data that millions of investors use every day when deciding whether to buy or sell stocks, bonds and other financial instruments. One possible result: the elimination of what today is known as net income or net profit, the bottom-line figure showing what is left after expenses have been met and taxes paid.

CB introduces an online inter-bank payment system

The Central Bank of Russian Federation (CB) has finished final preparations to launch real-time online inter-bank payment system. Starting from the 1st of July, the system will be operational.

KPMG research casts doubt over FSA regulation drive

Research by KPMG has cast doubt over the Financial Services Authority’s initiative on more principles-based regulation (MPBR).