Companies look set to defy the Securities and Exchange Commission (SEC) mandate to adopt Extensible Business Reporting Language (XBRL) technology for their financial filings by 2011.
IFAC today released for comment an exposure draft (ED) setting out its proposed 2010-2012 strategy and work plan prepared by its Professional Accountants in Business (PAIB) Committee.
The European Central Bank has commenced the program to withdraw excess liquidity for 16.5 billion euro that formed after repurchasing of sovereign Eurobonds.
Finance ministers of 16 member states (the Euro Group) met this Monday in Brussels to discuss principles of implementation of the mechanism to protect financial stability in the EU – informed the European Commissioner for Economic and Financial Affairs Olli Rehn.
Banks in Russia committed less violations of the anti-money laundering legislation. For that, the Central Bank reacted with a bit softer supervision – shows the CB’s official statistics. Other violations, however, continue to grow.
The primary role of the credit ratings agencies, which were heavily criticized during the financial crisis, is under threat from the major accountancy firms who are now considering a move into this area themselves.
The Institute of Internal Auditors has published a new practice guide to provide an overview of key executive compensation risks that should be understood before assessing whether the controls and governance over executive compensation and benefits programs are effective.
