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No Escape in 2005

 
Recognising the importance of accounting concepts for tax professionals Gillian Wild Director and Iain Hill Director PwC discuss the realities of the narrowing gap between IFRS and UK GAAP
 
2005 the year IFRS become a reality for all EU listed companies has now arrived. So amidst the volume of new accounting standards what does it really mean for tax professionals? Has the time now come when addressing the detail can no longer be deferred?
 
This article gives an up-to-date view on the impact of IFRS highlighting not only developments announced in the Pre-Budget Report (PBR) but also the related impact of converging with IFRS that newly announced UK Accounting Standards brings. It reflects on how groups are continuing to adapt their...

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