Published on 08 Oct 09
by VICTORIAN DIVISION, THE TAX INSTITUTE
The operation of a substantial amount of tax law now hinges on the preparation of an entity's financial statements being prepared in accordance with generally accepted International accounting standards, but the standards continually transform. This presentation covers:
- an overview of the proposed changes to the accounting standard on accounting for taxes, IAS12
- practical implications of the key changes contained in the exposure draft
- key issues raised in submissions on the exposure draft and the likely outcomes for corporates.