Archives
ASIC fined SuperHelp Australia Pty Ltd
March 18th, 2014
SuperHelp Australia Pty Ltd (SuperHelp) has paid a $10,200 infringement notice penalty after making potentially misleading statements about the cost of setting up a self-managed superannuation fund (SMSF) using SuperHelp’s administration services. ASIC’s concerns related to a SuperHelp advertisment ...
ASIC: suspension of licence
March 18th, 2014
ASIC, the Australian Securities and Investment Commissions, has cancelled the Australian financial services (AFS) licence of AIE Fiduciary Services Pty Ltd (AIE) following an application by AIE. The application was made after ASIC raised a number of concerns about ...
CySec: Acquisition of licence
March 18th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority has announced that the following companies have successfully obtained the CySec licence: Alecont Group Ltd S&S Mangement Services Ltd P & V CY Fiduciary Services Ltd The ...
Readers Sound Off: Are Leases Debt?
March 18th, 2014
On the eve of a new accounting standard, readers vigorously debate whether operating leases can be considered leverage. With the world’s leading accounting standards setters on the verge of voting in a new lease accounting regime beginning at a ...
‘Small’ Companies May Be Free of XBRL
March 18th, 2014
A bill with broad bipartisan support would apply to public companies with less than $250 million in revenue. It’s only an early step in the legislative process, but it’s looking good that “small” public companies won’t have to file ...
Asian Stocks Rally With Nickel on Russia Sanctions
March 18th, 2014
Asian stocks rebounded, with the the regional index rising from a five-week low, and nickel surged toward a bull market as investors weighed the impact of sanctions against Russia. Gold retreated a second day before the Federal Reserve begins ...
Bank of England: financial report
March 18th, 2014
The Bank of England has issued a press release of an annual report on the supervision of financial market infrastructures. The report provides an account of how the Bank has exercised its responsibilities in respect of financial market infrastructure supervision. ...
ASIC information sheet on audit quality
March 17th, 2014
ASIC has released information to help directors and audit committees develop robust standards as part of its commitment to improve audit quality. Information Sheet 196 Audit quality: The role of directors and audit committees (INFO 196) explains: why audit ...
Announcement of Central Bank of Cyprus
March 17th, 2014
The Central Bank of Cyprus has issued a press release which clarifies that on February 20, 2014, according to the article 57(1) on the International Mutual Investment Plan Laws of 1999 and 2000, has recalled the authorization of licence ...
Russia’s Rosneft to acquire stake in Italy’s Pirelli
March 17th, 2014
Russia’s top oil producer Rosneft (ROSN.MM) is set to acquire an indirect stake in Pirelli (PECI.MI) after reaching an outline deal with a group of shareholders in the Italian tyre maker valuing its shares at 12 euros each. Rosneft ...
