The Accountancy and Actuarial Discipline Board (AADB), a part of the Financial Reporting Council (FRC), is bringing into effect today its amended Accountancy Scheme and supporting Accountancy Regulations.
The EQR standard provides a framework for the engagement quality reviewer to objectively evaluate the significant judgments made and related conclusions reached by the engagement team in forming an overall conclusion about the engagement.
Russia may stay far behind other BRIC countries if it doesn’t make a technological breakthrough in the nearest years – says PricewaterhouseCoopers. The “innovational” curve of further development – officially announced by the country’s president Dmitry Medvedev – was not long ago recognized as dangerous by some of the government’s influential officials.
Global accountancy leaders want the International Federation of Accountants to increase pressure for adoption, implementation, and enforcement of standards.
The FRC’s Board for Actuarial Standards (BAS) has today published its draft pensions standard. This new standard will ensure that pension trustees can rely on the information supplied by their advisors, and understand its limitations.
All worries concerning bad influence of hedge funds on share trading appear to be unreasoned and overestimated – states the Financial Services Authority of Great Britain (FSA). According to its data, 50 largest hedge funds in the country jointly control less than 1% of the European financial market.
The Federal Financial Markets Service (FFMS) has renewed its efforts to find all “fly-by-night” companies on the financial market. To demonstrate that this time it is serious, the regulator suspended all operations of ten professional market participants.
The Securities and Exchange Commission voted unanimously to issue a statement affirming support for a single set of high-quality globally accepted accounting standards and ongoing consideration of incorporating International Financial Reporting Standards into the financial reporting system for U.S. issuers.
The International Public Sector Accounting Standards Board (IPSASB) is seeking comments on an exposure draft (ED) that addresses accounting for service concession arrangements by the grantor.
