Restatement of previous year's FS


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Neil

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I am restating the previous year's FS due to material errors. Do I need to restate the tax too based on the restated accounts or leave the tax unchanged and book the impact on tax in the current year FS?
 
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K

kirby

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If the restatement affected income materially then your original tax provision is no longer correct and needs to be restated too.
 
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