This presentation covers:
- developments in financial reporting:
- what are uncertain tax positions?
- why the fuss?
- US GAAP and investment funds example
- IFRS similarities and differences
- IAS 12 – Exposure draft ED 2009/2
- taxation issues – Uncertain tax positions (UTPs):
- how did we get here?
- international developments
- UTPs in the context of the new ATO approach to managing risk
- status of the UTP pilot
- issues for consideration.