The professional judgment in the deferred tax audit

Author:Assistant, PhD. student Nadia ALBU

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Keywords:tax on profit, plant, property and equipment, fiscal result

Abstract:
IAS 12 „Tax on profit” represents the regulation which asks for the transposition of the accounting reform premises. The refuse o apply the IAS 12 show nothing else than a failure in implementing the international accounting standards. The challenges and difficulties related to the IAS 12 application are multiple: the scope of this article is to identify the temporal universe where the accountant’s professional judgments is situated when preparing the financial statements, or the auditor’s professional judgment when reviews the calculation and the accounting policies used both for the deferred tax but also for the eligible tax for a given financial year. This way will be considered some situations where the deferred tax can appear in Romania function to the actual level of the disconnection of the accounting to the taxation: property, plan and equipment depreciation (in accordance with the provisions of the IAS 16 „Property, plant and equipment”), provisions for the assets depreciation or for risks and expenses, interests deductions (in accordance with the fiscal provisions ).\r\n

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