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FBK (PKF Moscow) > News
FBK offered its clients a new line of services – enforcement of information security, including security of personal data. According to Alexey Terekhov, FBK Vice-President in Bank Audit, “as objective of rendering services we envisage quality enhancement of information security level and compliance with law”.
Russian M&A market last year was about 41, 91 billion USD against 98 billion USD in 2008. I.e. decrease of the volume of transactions was 57,2%, rebounding the market 5 years backward. This is the main conclusion of the annual review “Russian M&A Market in 2009”, prepared by FBK.
On April 15, 2010 in Moscow there was held a conference “On Observation of the Federal Law dated July 27, 2006 #152-FZ “On Personal Data”, arranged by Association of Russian Banks. FBK was represented at the event by Alexander Chernenko, Auditor of the Audit and Consulting Services to Financial Institutions Department.
In April issue there is provided summary of judicial practice in terms of tax litigation for February 2009, as well as articles of FBK experts on topical issues.
FBK Economic and Law School (ELS) and The Institute of Internal Auditors (IIA) developed a program and prepared a new two-day long seminar “Fraud, Internal Audit and Control”.
On April 12, 2010 in the framework of III Week of Russian Business in Moscow Tax Conference of The Russian Union of Industrialists and Entrepreneurs “Tax Budget System: Tax and Budget Ways of Inciting Modernization and Innovationally-Oriented Economy”, organized with assistance of FBK.
On April 6, 2010 FBK concluded a contract with LLC OmskVinProm, under which FBK valuation specialists will carry out assets valuation for IFRS purposes, as well as impairment test.
On April 1, 2010 a round-table discussion on “Individual Retail Lending to Citizens and SME: New “Rules of the Game” after Crisis”, arranged by the editorial office of weekly paper Argumenty i Facty, took place. Igor Nikolaev, Director of FBK Strategic Analysis Department, speaking at the round table discussion, pointed out that talks about the end of crisis are premature.
On March 30, 2010 a regular meeting of FBK Economic Club Can We Trust Official Statistics was held in Moscow. Lots of questions traditionally emerge in Russia towards data of State Statistics Service, moreover, if earlier ordinary citizens would be surprised at data on inflation rates, at the moment even experts are surprised at data on industrial production and GDP.
On March 26, 2010 experts of FBK’s Public Sector Consulting Department conducted final seminar on results of sub-project Elaboration of methodical recommendations for application of classification of transactions of state management sector of the project of Russian Ministry of Finance and International Bank for Reconstruction and Development Modernization of Treasury System of Russian Federation.