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.