Our Financial Reporting Expert Group contributed to our response to Exposure Draft ED/2014/3 – Recognition of Deferred Tax Assets for Unrealised Losses (Proposed Amendments to IAS 12). We supported that it is not useful to create a notional deferred tax asset in respect of a decrease in market value of an instrument that there is no intention to sell. We further supported that rather than piecemeal changes to this standard, the IASB should undertake a more fundamental review.
QCA Response to the IASB – Exposure Draft ED/2014/3 Recognition of Deferred Tax Assets for Unrealised Losses (Proposed Amendments to IAS 12)
Our Financial Reporting Expert Group contributed to our response to Exposure Draft ED/2014/3 - Recognition of Deferred Tax Assets for Unrealised Losses (Proposed Amendments to IAS 12).
