Russian Prime Minister Vladimir Putin sees the end of the recession in Russia after optimistic macroeconomic indicators for the first quarter of 2010. However, it would be better for the government to remain careful with its financial and economic policy.
“FASB Accounting Standards Codification” ™ Topic 718, Compensation - Stock Compensation, provides guidance on the classification of a share-based payment award as either equity or a liability.
The Board for Actuarial Standards (BAS) has today issued its technical actuarial standard on modelling (to be known as TAS M), which continues its series of new outcome-focused standards. The standard will take effect in April 2011.
The International Monetary Funds will raise forecast for the global economy’s growth for 2010 by 4% or even more. This was announced by the body’s managing director Dominique Strauss-Kahn in his interview to “Nikkei”.
The Securities and Exchange Commission has filed a civil suit against Goldman Sachs in relation to financial fraud. In 2004-2007, when the credit market was active, the investment bank placed 23 issues of financial securities known by the name “Abacus”.
The Trustees of the International Accounting Standards Committee (IASC) Foundation announced today the appointment of Paul Pacter to the International Accounting Standards Board (IASB). For the last six years Mr. Pacter has served as Director of Small and Medium sized Entities (SMEs) for the IASB.
The International Auditing and Assurance Standards Board (IAASB) today released its 2009 annual report. The report highlights the completion of the landmark Clarity Project surrounding the IAASB’s International Standards on Auditing (ISAs), the development of adoption and implementation resources for the ISAs, and the launch of innovative new projects to address emerging issues.
The Small and Medium Practices (SMP) Committee of the International Federation of Accountants (IFAC) published an analysis of research on business advisory services provided by SMPs. The extensive analysis includes a review of global research spanning academic studies, practitioner surveys, and interviews of SMP partners.
Ukraine’s Parliament (the Verkhovna Rada) decided yesterday that supervision over banks would be carried out by the Private Deposit Insurance Fund. Representatives of the Fund itself aren’t ready for such responsibility and wish to deal only with bankruptcy cases and temporary administration.
