Новости

Up to 10 years in prison for cooperation with the IRS

The current situation of Russian banks is complicated even more than it seems.

Government knows how to keep Visa and MasterCard in Russia

It looks like Russia really doesn’t want Visa and MasterCard to leave. It wants them to stay so badly that it may even amend the law on payment systems which was approved not long ago in its first hearing and caused largest international payment systems to very seriously consider the possibility of leaving the Russian market.

IFRS Foundation plans to maximize its operating efficiency

In the next several months the IFRS Foundation will do its best to improve its operating efficiency and switch to long-term global financing. It also wants to launch consultations on its structure and efficiency, focusing on such important issues as optimal size of the IASB and efficiency of the ASAF’s work since the moment of its foundation in 2013.

More than 100 jurisdictions already switched to ISAs

Global economy is becoming more and more… globalized. Taking that into consideration the International Auditing and Assurance Standards Board (IAASB) can’t but welcome the fact that international standards on auditing are gaining population around the world.

SEC will get back to the subject of IFRS very soon

After virtually years of silence and complete uncertainty around IFRS adoption on the USA it really sounds as an unexpected surprise when head of the Securities and Exchange Commission Mary Jo White raises the subject during a traditional annual dinner held for Trustees of the Financial Accounting Foundation in Washington.

SASB standards help to look “behind numbers”

American investors are becoming more and more demanding. They are no longer satisfied by just financial data but want to be sure in long-term success of the company they invest to. That’s where standards from the Sustainability Accounting Standards Board (SASB) come in handy.

FATCA: a financial weapon of mass destruction

The American act which was originally created to punish tax evaders may punish the Russian financial sector instead.

Financial experts ask not to rely too heavily on GAP analysis in the new COSO guidance

At the conference Compliance Week 2014 accounting experts asked not to rely heavily on GAP analysis when applying the new COSO guidance of 2013 which was updated not long ago.

IESBA clarified ethical requirements in respect of non-audit services

The International Ethics Standards Board for Accountants (IESBA) launched public consultations on proposed amendments to the Code of Ethics for Professional Accountants. Those are aimed to clarify independence requirements for auditors providing non-assurance services.

Russia doesn’t really want Visa and MasterCard to leave

Head of the Ministry of Finance Anton Siluanov told that Russia would not abandon international payment systems like Visa and MasterCard. This is not possible in principle because 90% of clients use precisely them.