Simplifying Income Tax Provisions: A Step-by-Step Guide to Auditing/Preparing Deferred Income Tax Provisions
By Haroon Khan, CPA, CA (Canada), CPA (USA) I can still vividly recall the time when I was working on my first deferred income tax provision according to the International Financial Reporting Standards (IFRS) guidelines, specifically IAS12. It was, during my tenure as a Senior Associate at KPMG when I was assigned the task of …