With many organisations having just completed year end processes, the increasingly challenging area of tax effect accounting will be close to mind. However, that challenge, and the sensitivity of your organisation to the outcomes, is only going to increase if the proposed measures included in the exposure draft of the revised IAS12 - Accounting for Income Taxes are implemented.
With increasing scrutiny on tax effect accounting, it is more important than ever to ensure you are up to date with the latest developments, and the new standard provided a great opportunity to revisit tax effect accounting more broadly.