Новости

IASB work group seeks academic papers on application of IFRS in Islamic counties

The IASB Consultative Group for Sharia-Compliant Instruments invites accounting experts to submit papers on application of classification and measurement principles of IFRS 9 in economic environment regulated by Sharia laws.

New antimonopoly “megaregulator” may be formed in Russia

Yet another “megaregulator” at the base of the Federal Antimonopoly Service may be created in Russia. On that informed the first vice-prime minister Igor Shuvalov.

“Red Book” of IFRS 2014 issued by the IASB

The International Accounting Standards Board today issued the latest edition of IFRS 2014 “Red Book”. The bound volume contains all official rules of international accounting as of 1 January 2014 including the ones which will come into effect after that date, although it does not contrail rules which will be superseded.

Banks in Argentina will switch to IFRS in 2018

The Central Bank of Argentina (BCRA) ordered to align accounting standards for banks with IFRS and adopt their mandatory application starting from 1 January 2018.

Russia approves amendments to the law to improve cadastral valuation

Deputies of the State Duma of Russia approved a number of amendments to the law “On valuation activity” to improve cadastral valuation which still remains very controversial.

Russian state banks want to leave their audit to foreign companies

The Ministry of Finance generally supports arguments of banks which don’t want to exclude foreign audit companies from provision of their professional services to state companies and corporations, including banks.

IASB published its recent editorial corrections

The International Accounting Standards Board published its recent batch of editorial corrections today.

Michel Prada remains optimistic on convergence and IFRS adoption

During his recent speech at the 8th Annual Forum of the Gulf Cooperation Council Accounting and Auditing Organization in Saudi Arabia chairman of the IFRS Foundation Trustees Michel Prada outlined progress with global IFRS adoption.

Russian bankers don’t want to inform on large transactions with real estate property

Russian banks have asked for corrections in the draft law according to which credit institutions will be obliged to inform the Federal Financial Monitoring Service (Rosfinmonitoring) on every transaction with real estate property exceeding 3 million roubles.

FASB welcomes results of the recent fair value PIR, although plans certain outreach in response

Chairman of the US Financial Accounting Standards Board (FASB) Russell Golden submitted a letter to the Standard-Setting Process Oversight Committee of the Financial Accounting Foundation (FAF) where he acknowledged results of the recent post-implementation review of the fair value standards which are now in effect.