ICAN Technical Bulletin Vol.2, No.3. 2019.

The Institute of Chartered Accountants of Nigeria (ICAN) has published the Volume 2, Number 3 of 2019 edition of ICAN Technical Bulletin with the title IFRIC 23: Simplifying the Treatment of Uncertain Tax Position in Nigeria.

IFRIC 23 was issued by the IFRS Interpretations Committee (IFRS IC) with the objective of providing a set of principles to guide the judgments and assumptions made by management in the treatment of uncertain tax positions in the financial statements. IFRIC 23 is effective for annual reporting periods beginning on or after January 1, 2019. This edition of the Bulletin seeks to provide practice guidance for members of the Institute in determining the accounting treatment of uncertain tax positions.

The full publication is available below: