This presentation covers:
- the major changes in accounting standards for the financial services sector as a result of the adoption of International Financial Reporting Standards in Australia
- in particular, the implications arising from IAS 39/AASB 139 (Financial Instruments: Recognition and Measurement) and other major new accounting standards?
- how existing tax law will be impacted by the adoption of IFRS and the changes to tax law that will be needed
- the issues that will be of particular concern for financial institutions
- how existing and future instalments of the Taxation of Financial Arrangements reform project will be impacted by IAS 39/AASB 139 and other new standards.