IASB / FASB October 2009

The IASB staff presented an analysis of the comment letters received on the its exposure draft Income Tax. The Boards indicated that they would consider undertaking a fundamental review of accounting for income taxes at some time in the future. In the meantime, the IASB staff plans to present options on how the IASB should proceed with the proposals in the exposure draft at the November IASB meeting.