Новости

Fed plans to suspend quantitative easing

It is possible that by October stimulatory quantitative easing program of the Federal Reserve may be completely suspended. This was recently indicated by chairman of the Federal Reserve Bank Richard Fisher.

Accountants among the ones mostly exposed to stress

A list of most stressful professions is topped by insurers: 79% of them had to admit that. A research was not long ago performed by HeadHunter. The second place is occupied by marketing specialists and employees of staffing departments (73%). They are followed by accountants together with sales managers (69%)

IAASB issues amendments to ISAs to improve disclosures

This week the International Auditing and Assurance Standards Board (IAASB) presented for public consulations an intermediate version of new amendments to ISAs to clarify auditors’ expectations related to financial disclosures.

Access to FATCA still denied in Russia

Deputies of the State Duma of Russia don’t wish to let Russian banks to share information on American resident’s accounts with tax services of the USA - at least not right now.

IFRS Taxonomy updated taking into account IFRS 14

The IFRS Foundation issued an Interim update to its Taxonomy 2014 to adopt changes for IFRS 14 “Regulatory Deferral Accounts”.

New requirements for brokers and dealers coming into effect in the USA

The American Institute of Certified Public Accountants (AICPA) and the Center for Audit Quality (CAQ) issued an Alert for brokers, dealers, futures commission merchants and their auditors, reminding of a number of very important rules and standards coming into effect on 1 June.

Russia trying to switch its exports to roubles

Russia has plans to switch at least part of payments for exported goods to a rouble settlement. Leaving alone controversial aspects of its current external politics, the situation it got to is precisely the time to do that, “now or never”.

Government of Russia takes interest in external creditors of its 53 largest companies

The Central Bank and the Ministry of Finance asked 53 largest companies to provide data on their external debts. It is assumed that they will provide this information voluntarily, but even if not, regulators are considering a possibility to make that an obligation by adding amendments to the law on joint-stock companies.

Russian taxmen will pay for mistakes they make out of their own pockets

Inspectors from Russia’s tax services will have to pay compensatory fines for administrative flaws out of their own pockets, not from the budget as they do today. Authors of the proposed legislative amendments think this should significantly decrease the number of mistakes made in the course of calculation of taxes which inflict moral and material harm to taxpayers.

Higher requirements for auditor’s report in Russia

The State Duma recently approved a set of amendments to the accounting legislation in the first hearing. For example, the 6th paragraph of the draft law now contains a requirement which is very important to auditors. T