IFRS for SMEs: A less taxing standard?
This PwC article highlights key provisions of the income tax accounting guidance contained in the IFRS standard for small and medium-sized entities. The article provides comparison to existing IFRS, the IASB's proposed exposure draft on income taxes and US GAAP, as well as PwC's observations regarding the potential impact of these provisions within IFRS for SMEs.
PricewaterhouseCoopers11/19/2009
DataLine 2009-48: Financial Statement Presentation -- A Project Update
Since the FASB and IASB issued a Discussion Paper (DP) last year setting out their preliminary views on financial statement presentation, they have received over 200 comment letters, conducted two field-tests, and completed a research study. Recently, the boards began discussing the initial feedback they've received and are working towards formulating their formal overhaul proposal, which they expect to release in the second quarter of 2010. This DataLine provides a high-level overview of the DP, identifies key matters raised in the comment letters, and highlights key issues and tentative decisions reached to date by the boards.
PricewaterhouseCoopers11/19/2009
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