Новости

Russia to put hostile takeovers under stricter regulation

In course of the first reading, the State Duma of Russian Federation has approved amendments to the Arbitration Procedure Code of Russia dealing with hostile takeover practices.

FSA to probe governance of foreign listings

The Financial Services Authority is to examine the quality of London’s markets after investor concern over the increasing amount of listing by foreign companies.

IFRIC wants to beef up its numbers

The International Accounting Standards Committee Foundation (IASCF) is inviting public comments on plans to increase the size of one of its major committees.

NASB prepared a commentary letter on fair value measurements

The commentary letter includes 30 questions and is structured in a way to determine the most optimal format of soon-to-be-introduced financial reporting documents for fair value measurements.

Minfin’s deputy chairman on auditing legislation and PwC

Deputy chairman of the Ministry of Finance of Russian Federation Sergey Shatalov yesterday announced the closest perspectives of the auditing legislation projects soon to be approved by the State Duma of Russian Federation.

Board Proposes New Auditing Standard and Amendments

The Public Company Accounting Oversight Board today proposed for public comment an auditing standard, Evaluating Consistency of Financial Statements, and a concept release concerning Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles. In addition, the Board provided guidance, in the form of questions and answers, on Rule 3522, Tax Transactions, and Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles.

Single clearing center will soon be introduced to Russian markets

Russian Federal Financial Markets Service (FFMS) announced it was going to combine clearing services for spot- and derivatives markets. This is what Sergei Harlamov, FFMS’s deputy chairman said in his interview.

IVSC report on valuations under IFRSs

The International Valuation Standards Committee (IVSC) has reviewed the first audited IFRS financial statements of 59 leading European property investment companies from 13 countries to assess the degree of consistency in valuation reporting of real estate assets under IAS 40.

Russian FTS simplifies acquisition procedures

Russian Federal Tax Service has recently issued a new legislation project that will allow investors to purchase blocking stakes of those commercial banks that have less than 3 billion rubles as their share capital.

The ASBJ and the IASB hold fifth meeting

On 27 and 28 March 2007 in Tokyo, the Accounting Standards Board of Japan (ASBJ) and the International Accounting Standards Board (IASB) held their fifth joint meeting towards the final goal of achieving convergence of Japanese generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRSs).