The Public Company Accounting Oversight Board today issued a Staff Audit Practice Alert to remind auditors of public companies about their responsibilities to assess and respond to the risk of material misstatement of the financial statements due to error or fraud posed by significant unusual transactions.
The Securities and Exchange Commission today proposed rules that would revise the disclosure, reporting and offering process for asset-backed securities (ABS) to better protect investors in the securitization market.
Ukraine plans to lower tax burden on business in 2010, down to 30.9% of GDP – informed deputy minister of finance Tatyana Efimenko at the roundtable “Taxation in Ukraine: key problems and their solutions”.
It is possible that two largest stock exchanges in Russia – RTS (“Russian Trading System”) and MICEX (“Moscow Interbank Currency Exchange”) - will work together in the future, as they are invited to by the Federal Financial Markets Service and the Bank of Russia.
The future of the funding of the international accounting standard-setter – from the coffers of the European Commission – is under threat, unless the organization can improve its governance.
Proposed accounting rules which may force mining and oil companies to publish how much they pay corrupt regimes don’t go far enough according to a humanitarian group campaigning for greater international corporate transparency.
The International Accounting Standards Board (IASB) published today the results of an international research project on a possible future International Financial Reporting Standard (IFRS) for extractive activities in the form of a discussion paper – “Extractive Activities”.
At the end of April, all markets on the “Russian Trading System” (RTS) stock exchange will start to work half an hour earlier, at 10 a.m. (Moscow time). Brokers and dealers don’t mind.
