• FASB suspends income tax project 
  opinions: 1    последнее :
  I would like to pose a question being that my major is in accounting. I sit rying to figure out the question is that FASB and the IFRS going to merge or go to one or the other and how can I prepare for this change as far as school is concern. Do I h Kenneth Bledsoe
• Fair value standard will be released next month: Tweedie 
  opinions: 1    последнее :
  IFRS foundation and IASB should try to find a solution on new Fair value standard. They should not accept any interference from the AICPA / FASB / US-SEC to dilute the standard. US has made a case that last US-Financial meltdown was to a large ex Al Khan, CA
• Global anti-bonus campaign 
  opinions: 1    последнее :
  First, Executive Compensation and re-election of Directors must be totally re-examined afresh to come up with legislation to control corporate greed and accounting sheningans by corporations. Second, a cap on tax deductibility of executive compensa Al Khan
• A new Web site is providing sample questions for the CPA Exam for free 
  opinions: 2    последнее :
  2 Mohit. Not too much, but still better than nothing: http://www.gaap-ifrs.com/special/tests/ifrs.asp Alexander Kurnikov

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The international rating agency Standard&Poor’s sees very low probability of default for Ukraine. Even in conditions like that, when the country’s budget for 2010 hasn’t been approved yet, and when there is no information on who is going to be the next president (the press-release was issued before the second round of elections that took place yesterday – GAAP-IFRS.com), the “inevitable” default is still too far away. S&P’s noted, however, that Ukraine’s state finance would be under pressure for the whole year 2010 in the absence of consistent energy and pension reforms.    

In October 2009, S&P’s confirmed short- and long term credit ratings for Ukraine on obligations in foreign currency (CCC+/С) and on obligations in national currency (В-/С). The agency also confirmed the country’s national scale rating at uaBBB. The forecast, however, was lowered from “positive” to “stable”.

Source: FundMarket