Новости

FASB met with ASBJ in Norwalk

This week the 16th semiannual meeting of the Financial Accounting Standards Board of the USA and the Accounting Standards Board of Japan took place in Norwalk.

Geopolitics imposing risks on Russia – now officially recognized by the Central Bank

This week head of the Central Bank Elvira Nabiullina officially admitted that capital outflow from Russia may exceed 20 billion dollars in 2014.

Banks will have to check business reputation of their clients as well

Another Central Bank’s new requirement deals corporate clients: Russian banks will have to check their business reputation. To do that, they will have to apply for relevant information to other organizations (partners of the company they plan to do business with) or to another bank which used to serve that company in the past.

IFAC worried by inconsistencies in the European audit legislation

The recent approval of the legislation which regulates statutory audit became the European Parliament’s final and most important step to complete the audit reform which took over four years.

IFRS Foundation published IFRS Formula Linkbase 2014

IFRS Taxonomy Formula Linkbase will serve as additional guidance, helping companies to understand IFRS concepts and their meaning in the context of electronic accountancy.

IFRS Foundation proposes first interim Taxonomy release

Although the traditional annual update of electronic data tags for electronic accountancy under IFRSs was released relatively not long ago, the IFRS Foundation today publishes for public comment its first interim release for IFRS Taxonomy 2014.

Russia’s national payment system will not be based on Sberbank

With economic sanctions being applied to Russia, the Central Bank is in a hurry to create a new, Russia’s own national payment system. However, it is not going to be based on the Sberbank’s system because for that purpose the CB wants to make an operator out of a non-commercial organizations - informs “Vedomosti”. This one will be created by the Central Bank jointly with commercial banks, including even foreign ones.

There will be no IFRS Conceptual Framework in Russia

Despite the fact that at the beginning of February the Ministry of Finance was ready to adopt the “IFRS Conceptual Framework” document in Russia, today the project is closed.

AASB calls for “neutral” public sector accounting standards

The Australian Accounting Standards Board (AASB) has commented on the IPSASB’s consultation paper on the future governance reform. Australian standard setters strongly support “neutral” accounting standards and even propose to extend scope of obligations of the IFRS Foundation’s Monitoring Board so that it could control activity of the IPSASB.

IPSASB consults on its long-term strategies

The International Public Sector Accounting Standards Board (IPSASB) recently presented a consultation project of its long-term strategies for 2015-2019. The main stated objective is still the same: ensuring highest quality of global standards for public sector entities around the world.