Sunday, July 13, 2008

IFRS Get ready for a new accounting standard

Converting to IFRS — Get Ready For Revised
Accounting for Income Tax Standard

This is a title of a memorandum from KPMG that can be found at:

http://www.kpmg.ca/en/services/tax/tnf/tnfc0819.html


The memorandum deals with issues that will arise in the planned amendments to IAS 12 that deal with accounting for income taxes. An Exposure Draft is expected in late fall 2008 and a final standard in 2009.

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