Switching to modern eco standards should benefit businesses while their violation should be punished with fines – said Russia’s President Dmitry Medvedev during the meeting of the government’s eco council.
Leaseurope, a federation of 47 European leasing associations is calling on the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) to rethink their plans on a lease accounting standard.
The International Organization of Securities Commissions (IOSCO) has today published a set of “Principles Regarding Cross-Border Supervisory Cooperation” developed by its Technical Committee’s Task Force on Supervisory Cooperation.
This year the Ministry for Economic Development is going on with its “favorite” support for small and medium-sized entities in Russia. Apart from increased financing of smaller companies form the budget, the ministry has plans on the new procedure to estimate influence of all new legislative innovations from whatever ministries they come.
Russia’s President Dmitry Medvedev asked foreign investors to promote Russia’s image abroad. His meeting with representatives of America’s largest hedge funds took place this Tuesday, during which they talked a lot on the negative perception of Russia as if there were still 90-es here.
The Institute of Chartered Accountants Ghana (ICAG) will soon institute a quality Assurance Review Program to ensure adherence to quality standards in the accounting profession.
U.S. Certified Public Accountants are gaining awareness about International Financial Reporting Standards and CPAs increasingly foresee a need to gain advanced, or expert knowledge as the U.S. moves toward global accounting standards over the next three to five years, according to a recent survey conducted by the American Institute of Certified Public Accountants.
Soon all joint-stock companies in Russia will be divided into public and private, with different requirements for corporate companies. The financial institute of closed joint-stock companies (CJSCs) will be eliminated.
Official statements concerning public companies made by government officials in public will likely be restricted. The reason for that became the Central Bank’s statements concerning violations found in “Sberbank”: the regulator’s deputy chairman Sergei Golubev who publicly informed on the Bank of Russia’s plans to leave Sberbank’s capital.
Directors could be forced to seek re-election by shareholders every year, under measures that will be announced this week in an attempt to make the boardroom more accountable.
