Новости

European Commission recommends the EU to improve VAT administration

This month the European Commission asked for the EU member states’ permission to commence negotiations with Norway and Russia concerning agreements related to the value added tax.

Russian taxmen will be able to make copies of accounting databases

A new draft law was recently proposed by the Federal Tax Service and is now passing the approval procedure of the Ministry of Finance. If it is approved, taxmen will be given free access to accounting databases in the course of field checks.

IASB published agenda for the next meeting of ASAF

The next meeting of the Accounting Standards Advisory Forum (ASAF) will take place on 3-4 March in London. The International Accounting Standards Board published a list of subjects which will be discussed this time.

FASB approved exemption for credit unions

The former definition of public business entities should not affect credit unions in the USA – concluded the Financial Accounting Standards Board. This implies that they will be able to use alternative approaches in US GAAP.

FASB ready to launch a new research on pension standards

The Financial Accounting Standards Board (FASB) voted for a new research project to define possible changes in pension accounting rules of US GAAP - informs Investment & Pensions Europe. Any changes to take place will affect either “traditional” defined benefit plans, or “hybrid” ones called “cash-balance pension plans”.

COSO released a paper on how frameworks may improve organizational performance

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued a though paper Improving Organizational Performance and Governance: How the COSO Frameworks Can Help. The document was developed how different frameworks on enterprise risk management (ERM) and internal control can improve performance and governance to ensure sustainable success.

Dmitry Medvedev approved a “roadmap” of improvements to tax administration

Russia’s prime-minister Dmitry Medvedev approved a plan of simplification of tax administration. One of its key features should become acceleration of transition to electronic tax filing.

SEC Commissioner Daniel Gallagher proposed possible ways to decrease unnecessary disclosures

SEC Commissioner Daniel Gallagher informed yesterday at the Forum for Corporate Directors that the best way to perform financial disclosures overhaul was a focused step-by-step approach - one issue at a time. Otherwise he wouldn’t risk spending several years on development of a massive “offence” so complicated that it probably will never be implemented.

New EFRAG’s publication on complexity in financial accountancy

Together with national standard setters of France (ANC), Germany (DRSC), Italy (OIC), and the United Kingdom (FRC) the European Financial Reporting Advisory Group (EFRAG) has published yet another joint publication with European views on the Conceptual Framework project.

Global Reporting Initiative issued a new guidance on sustainability reporting

The Global Reporting Initiative (GRI) released updates relating to its G4 Sustainability Reporting Guidelines. A new Content Index Tool is said to provide users an opportunity to create “Content Index templates” which will reflect their preferences as a reporting entity.