U.S. Tax Implications of Adopting IFRS - Part II, Accounting for Income Taxes
Scott Decker, Partner, National Audit Leader for IFRS; Bill Connolly, Partner, Tax; Ashby Corum, Partner, Midwest IFRS Tax Leader | June 24, 2009 | 2:00pm ET
IFRS Institute
This audio Webcast covers the convergence activities by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). The two Boards have reached an agreement on accounting for income taxes with the IASB's recent exposure draft.
However, even if these proposals are adopted, there will still be a number of differences between US-GAAP and IFRS. This webcast focuses on accounting for income taxes, and provides a comparison of FAS109 to IAS12, as well as a discussion of the IASB's recent Exposure Draft of a replacement for IAS12.
KPMG tax professionals framed the discussion which includes the following topics:
- Tax effects of share-based payments
- Intercompany transactions
- Investments in subsidiaries
- Uncertain Tax Positions
- Interim Financial Statements
- IASB's exposure draft