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FBK (PKF Moscow) > News > News
On February 1, 2012 a regular meeting of FBK Economic Club “Economic Cost of Political Risks” was held in Moscow. The experts tried to estimate political risks in Russia and provided political and economic forecasts for the near future. When opening the meeting Igor Nikolaev, Director of FBK Strategic Analysis Department noted that the modern speculative economy model is very sensitive to the factors able to affect dynamics of securities market, flow of funds showings, investment activity etc.
FBK signed an agreement with a new client JSC E. ON Russia (OGK-4 before 2011). Under this agreement consultants from FBK Accounting Advisory department will provide services to the company on the development of in-house methodological manuals with a view to standardize approaches and methods of showing business transactions in the records of enforcement documents.
FBK Accounting Advisory Department experts are to provide OJSC Gazprom Neft services in developing guidelines for “Estimated liabilities regarding removing from operation a fixed asset and recovering natural resources” considering rapprochement of Russian and international financial reporting standards.
FBK won a tender for the right to conduct audit of financial statements of National Research University Higher School of Economics in compliance with Russian Accounting Standards for 2011.
FBK was announced the winner in competitive bidding to carry out audit of financial statements of LLC Equant (Orange Business Services trade mark) under Russian Accounting Standards for 2011. LLC Equant is a Russian office of a global telecommunications giant – Equant which is a leader in international corporate communications.
Eurozone established in 1999 doesn’t provide any considerable economic benefits for its member countries. That was the conclusion FBK experts made having reviewed dynamics of a number of macroeconomic showings of Eurozone countries.“Europe debt crisis became Eurozone crisis. All that just a couple of months ago seemed to be absolutely unrealistic – dissolution of Eurozone – becomes a rather probable scenario today”, tells Igor Nikolaev, Director of FBK Strategic Analysis Department.
On December 14, 2011 a meeting of FBK Economic club “2012: thing edge of the wedge” was held in Moscow. There the experts announced their forecasts regarding the risks and opportunities the year to come will give the economy. Director of FBK Strategic Analysis Department, Igor Nikolaev believes that the world is inevitably sinking into the “second wave” of crisis.
On December 13 another session of the National Banking Board was held at the Bank of Russia. After listening to and discussing the report of the Chairman of Audit Tender Committee – for selecting the auditor of annual financial statements of the Bank of Russia, the National Banking Board made decision and appointed the consortium of PwC and FBK to be the auditor of financial statements of the Bank of Russia for FY 2011 under Russian Accounting Standards.
On November 30, 2011 the Financial Section of the Russian Institute of Internal Auditors (IIA) held a regular meeting during which Dmitry Sbudyshev, Head of FBK Construction and Investment Consulting Practice, delivered a report on certain issues related to investments in construction and reliability of their return.
On November 25, 2011 Sergey Pyatenko, Director General of FBK’s Economic and Law Schoolwas at an online conference by Finam.ru called Investment Climate. Investor Sentiment before and after the Elections, where he among other things said that over the last 10 – 15 years the investment climate in Russia had been improving, though slowly.