Webcast on IASB's proposed new standard on income tax accounting

The IASB has issued proposed amendments to the current standard on accounting for income taxes (IAS 12). The proposals could have a significant impact on the effective tax rate and disclosures of all companies reporting currently and in the future under IFRS.

Companies are being given until 31 July 2009 to provide comments and feedback, to the IASB, on the proposed new standard. The final standard, as amended for any comments, is expected to be released in 2010 and to be effective from 2011.

It is important for companies to understand the IASB's proposed changes and consider the specific impact of the proposals. As such, this PwC webcast—aimed at all those who are responsible for, or involved in, income tax accounting under IFRS—is intended to give companies a head-start in understanding the proposals and implications.

This live webcast was recorded on Wednesday, 6 May 2009 and will give you:

• An overview of the IASB's proposals,
• An outline the principal changes put forward in the proposals,
• An explaination on how companies may be impacted, and
• Provide more information on the process of providing comments and feedback to the IASB.

It also highlights areas where the proposed amendments continue to diverge from the US income taxes standard – FAS 109.

Who should watch this webcast?

This webcast is geared towards tax directors, finance directors/CFOs, financial controllers/accountants and others who are responsible for, or involved in, income tax accounting under IFRS.