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News of the Federal Legislation

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News of the Federal Legislation


There is purposed to conclude contracts about compensation from release from obligation with owners of obligations of internal state currency bonded loan of III series, who have not made novation
2008-12-02 06:00

NEWS OF THE FEDERAL LEGISLATION

There is purposed to conclude contracts about compensation from release from obligation with owners of obligations of internal state currency bonded loan of III series, who have not made novation

In accordance with part 3 of article 21 of the Federal Act "On the federal budget for 2008 and the planning period of 2009 and 2010" (document is in Russian), there is decided by the Decree of the RF Government N 883 of November 26, 2008 (document is in Russian) to continue conclusion of contracts about compensation from release from obligation with owners of obligations of internal state currency bonded loan of III series with maturity date of May 14, 1999, who have not made novation during the periods established by the Decree of the RF Government, in order approved in the Decree of the Government of the Russian Federation N 387 of June 20, 2007 (document is in Russian).

The amendments are made to the federal rules (standards) of auditors activity
2008-12-02 06:00

NEWS OF THE FEDERAL LEGISLATION

The amendments are made to the federal rules (standards) of auditors activity

The Decree of the RF Government N 863 of November 19, 2008 (document is in Russian) makes amendments to the federal rules (standards) of auditors activity approved by the Decree of the RF Government N 696 of September 23, 2002 (document is in Russian).

There are given in the new wording the rules (standards) N 7-9, N 22 which establish the united requirements:

- in respect of quality control over implementation tasks on audit;

- to understanding of activity of auditee person and sphere where it is provided including system of internal control and risk assessment of essential distortion of auditors financial (book-entry) statement;

  - to auditors obligations and auditors procedures in respect of economical subjects being related parties of auditee person and economical operations of auditee person with them;

  - in respect reporting of information received under results of audit of financial (book-entry) statement to leaders of auditee person and representatives of proprietor of this person.

  There is recognized as invalid the rule (standard) N 15 establishing the united requirements to understanding by auditor organization and individual auditor of activity of auditee person.


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