Accounting standards: impact of ED 178 in Australia - increased ATO audits?
01 Oct 09 |
WEEKLY TAX BULLETIN
Issue: No 40 2009
Pages: pp. 1736-1739
As many practitioners would be aware, there are current proposals to amend International Accounting Standard IAS 12 (Income Tax), with consequential amendments to the Australian Standard AASB 112m which will create an International Financial Reporting Standards (IFRS) equivalent the US FIN 48 rules. This will mean that advisers (both audit and tax) and taxpayers will need to review and fully understand all uncertain tax positions.
This item is not available for download from this website. Please contact the Tax Institute library for assistance. Charges will apply.
Nick is a Barrister on Second Floor Selborne Chambers. He works in tax and commercial litigation, tax disputes and the provision of tax and legal advice. Nick’s areas of expertise include corporate tax, international tax, high net worth individuals, trust law, and mergers and acquisitions.
- Current at
22 March 2017