http://en.redtram.com/ gaap-ifrs.com Copyright (c) 2008 RedTram. All rights reserved. webmaster@redtram.com (RedTram) en Sat, 17 May 2008 04:13:23 GMT 300 100 50 http://en.redtram.com/ http://img.en.redtram.com/rsslogo.gif 271646 | Dmitry Medvedev supports SMEs http://en.redtram.com/go/108123617/top100/ 108123617 Russian president Dmitry Medvedev signed an order on immediate actions to lift administrative restrictions for entrepreneurship - announced the president's press service this Thursday. Fri, 16 May 2008 17:57:41 GMT http://en.redtram.com/go/108123617/top100/ 271646 | US auditors worry about XBRL costs Auditors' body warns US regulator over blanket acceptance of electronic tagging for filing financials before assessing its effectiveness http://en.redtram.com/go/108040730/top100/ 108040730 Auditors want the Securities and Exchange Commission to adopt a wait and see approach before requiring all US firms to file financial statements using new technology. Fri, 16 May 2008 13:07:34 GMT http://en.redtram.com/go/108040730/top100/ 271646 | Commission issues Recommendation to strengthen confidence in statutory audit http://en.redtram.com/go/108040724/top100/ 108040724 The European Commission has issued a Recommendation on "external quality assurance for statutory auditors and audit firms auditing public interest entities". It provides guidance to Member States for establishing an independent and effective system of inspections on the basis of Fri, 16 May 2008 13:07:34 GMT http://en.redtram.com/go/108040724/top100/ 271646 | Russian corruption http://en.redtram.com/go/108040733/top100/ 108040733 According to Ernst & Young's 10th international survey "Corruption or compliance - weighing the costs: the 10th global fraud survey", situation in Russia is a bit different from global tendencies - and it is worse, not better. It appears that Fri, 16 May 2008 13:07:34 GMT http://en.redtram.com/go/108040733/top100/ 271646 | SEC to mandate filing in XBRL http://en.redtram.com/go/107268649/top100/ 107268649 The rule, which will compel filing in Extensible Business Reporting Language, is expected to apply to large public companies, including those on the US Fortune 1000 index. Wed, 14 May 2008 15:30:02 GMT http://en.redtram.com/go/107268649/top100/ 271646 | Minfin will find large companies pretending to be small http://en.redtram.com/go/107268641/top100/ 107268641 It's not a secret that many larger businesses sometimes split in order to enjoy all tax privileges for smaller companies. The Ministry of Finance of the Russian Federation prepared a set of amendments to the Internal Revenue Code that won't Wed, 14 May 2008 15:30:02 GMT http://en.redtram.com/go/107268641/top100/ 271646 | IFAC Seeks Evaluator to Review the International Public Sector Accounting Standards Board http://en.redtram.com/go/107268661/top100/ 107268661 The International Federation of Accountants (IFAC), in partnership with the World Bank, is seeking expressions of interest from professional accountants to carry out an evaluation of the activities of the International Public Sector Accounting Standards Board (IPSASB). Wed, 14 May 2008 15:30:02 GMT http://en.redtram.com/go/107268661/top100/ 271646 | LIBOR recalculated http://en.redtram.com/go/107268679/top100/ 107268679 Yesterday the British Bankers' Association announced changes in procedures to calculate the London Interbank Offered Rate, one of the most influential rates on the world's markets. However, experts did not disclose any details, saying this would happen on May 30th. Wed, 14 May 2008 15:30:02 GMT http://en.redtram.com/go/107268679/top100/ 271646 | EC sets out plans for audit body Terms for external quality assurance http://en.redtram.com/go/106600430/top100/ 106600430 The European Commission has set out in detail its plan for external quality assurance for statutory audits. Mon, 12 May 2008 16:53:27 GMT http://en.redtram.com/go/106600430/top100/ 271646 | FASB Issues Statement No. 162 The Hierarchy of Generally Accepted Accounting Principles http://en.redtram.com/go/106600428/top100/ 106600428 The Financial Accounting Standards Board (FASB) today issued FASB Statement No. 162 "The Hierarchy of Generally Accepted Accounting Principles". The new standard is intended to improve financial reporting by identifying a consistent framework, or hierarchy, for selecting accounting principles to Mon, 12 May 2008 16:53:27 GMT http://en.redtram.com/go/106600428/top100/ 271646 | Direct branches of foreign insurers in Russia delayed Legislation project withdrawn for awhile http://en.redtram.com/go/106600426/top100/ 106600426 Sadly - or gladly, depends on who's asking - the project was withdrawn from the State Duma's agenda. This was officially announced recently by Alexander Koval, deputy and chairman of the All-Russia Union of Insurers and the one who introduced Mon, 12 May 2008 16:53:27 GMT http://en.redtram.com/go/106600426/top100/ 271646 | Foreign experts vote for rubles http://en.redtram.com/go/105870900/top100/ 105870900 World's leading investment banks named ruble the most stable and promising currency and positively advised their client on its purchases. Russian experts say this is a sign that a ruble is step-by-step turning into world's reserve currency. Wed, 07 May 2008 21:11:48 GMT http://en.redtram.com/go/105870900/top100/ 271646 | Board Solicits Nominations for Standing Advisory Group http://en.redtram.com/go/105870899/top100/ 105870899 The Public Company Accounting Oversight Board is soliciting nominations for members of its Standing Advisory Group. Wed, 07 May 2008 21:11:47 GMT http://en.redtram.com/go/105870899/top100/ 271646 | Commissioner Atkins Announces Intention to Leave SEC http://en.redtram.com/go/105870898/top100/ 105870898 Securities and Exchange Commissioner Paul Atkins announced today that he intends to leave the SEC following the end of his term. Appointed by President Bush, Commissioner Atkins began the first of two terms in August 2002. He plans to stay Wed, 07 May 2008 21:11:46 GMT http://en.redtram.com/go/105870898/top100/ 271646 | GAAP-IFRS.com: important announcement http://en.redtram.com/go/105870897/top100/ 105870897 Wed, 07 May 2008 21:11:44 GMT http://en.redtram.com/go/105870897/top100/ 271646 | Russian bankers want changes in the Internal Revenue Code http://en.redtram.com/go/105516305/top100/ 105516305 The Association of Russian Banks (ARB) has prepared a set of proposals concerning possible amendments to the Internal Revenue Code of the Russian Federation, sending an official letter to the Minister of Finance Alexei Kudrin. Some of those amendments were Tue, 06 May 2008 21:11:11 GMT http://en.redtram.com/go/105516305/top100/ 271646 | Russian banks hit by liquidity crisis Most unfortunate ones prepare for M&As http://en.redtram.com/go/105386140/top100/ 105386140 Because of low market liquidity, numbers of loss-making credit organizations in Russian banking system has dramatically increased - states the Central Bank of the Russian Federation in its official statistical report for the first quarter of 2008. Mostly small and Tue, 06 May 2008 11:39:12 GMT http://en.redtram.com/go/105386140/top100/ 271646 | FASB on Subprime: "We Warned You" The chairman of the accounting standards board notes that his staff sent up a warning flare about subprime mortgages in 2005 http://en.redtram.com/go/105386148/top100/ 105386148 Yet at a conference Thursday morning, FASB chairman Robert Herz reminded both investors and preparers that his staff issued an unusual six-page "reminder" back in December 2005 that warned that investments in subprime mortgages were risky. Unfortunately, the title of Tue, 06 May 2008 11:39:12 GMT http://en.redtram.com/go/105386148/top100/ 271646 | IASB's Jones: Insurance accounting is broken http://en.redtram.com/go/105386153/top100/ 105386153 Current accounting rules for insurance companies are so different from those in other industries that they may not show investors the true economic realities the firms are facing, a top international accounting rulemaker said on Tuesday. Tue, 06 May 2008 11:39:12 GMT http://en.redtram.com/go/105386153/top100/ 271646 | Audit checks of Russia's tax services increased in efficiency http://en.redtram.com/go/105386137/top100/ 105386137 Desk audit and field audit checks by Russian tax authorities have greatly increased in efficiency, says the Administration Office of the Federal Tax Service - basing its conclusions on formal investigation procedures, thus confirming previously made announcements. Tue, 06 May 2008 11:39:12 GMT http://en.redtram.com/go/105386137/top100/