It is possible that deputies in Russia will be given an instrument to check business. The idea came from the State Duma’s deputy from the communist party Boris Kashin.
On 19 August 2010 the IASB posted to its website a staff draft of a forthcoming IFRS on fair value measurement that reflects the tentative decisions made to date by the IASB and the US Financial Accounting Standards Board (FASB).
The objective of this Update is to address diversity in practice regarding the interpretation of which costs relating to the acquisition of new or renewal insurance contracts qualify for deferral. The current definition of acquisition costs in the Master Glossary of the FASB Accounting Standards CodificationTM is “costs that vary with and are primarily related to the acquisition of insurance contracts”.
Participant loans are currently classified as an investment in accordance with the defined contribution pension plan guidance in paragraph 962-325-45-10. Subtopic 962-325 requires most investments held by a plan, including participant loans, to be presented at fair value. Topic 820, Fair Value Measurements and Disclosures, provides specific guidance on how fair value should be measured.
The Federal Financial Markets Service (FFMS) decided not to delist companies (whose shares are traded in the highest A1 and A2 quotation lists) if they got losses during the crisis (2008-2009).
Barclays’s plea bargain over US criminal charges of flouting international sanctions by doing clandestine business with Iran, Cuba, Libya, Sudan and Burma has been thrown into doubt following comments by the judge in the case.
The International Accounting Standards Board (IASB) has outlined the steps taken so far to replace its high profile chairman, in response to European concerns it was not being transparent.
The International Accounting Standards Board’s proposals on lease accounting have come under fire amid claims that the new standard risks increasing liabilities on corporate balance sheets and will require substantial investment to implement.
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) today published for public comment joint proposals to improve the financial reporting of lease contracts. The proposals are one of the main projects included in the boards’ Memorandum of Understanding. The proposals, if adopted, will greatly improve the financial reporting information available to investors about the financial effects of lease contracts.
