04-21-2010, 07:40 AM
Wow, Ive got an interview tomorrow and your experiences are absolutely scaring the light out of me!! Though its a first interview and someone other than a partner will probably take it. I'd like to mention one thing though, its quite normal for partners do be rude and aggressive in interviews, they want to check your temperament and confidence. So it could be that person was doing something along those lines.
The question about deferred tax is indeed confusing. The one thing I can think of is that it affects unused tax losses. According to IAS- 12, deferred tax may only be realised if the entity can be reasonably sure of making taxable profits in the future. The losses shown in the financial statements could put this assumption in doubt and thus affect deferred tax. Im not a 100% sure though.
The question about deferred tax is indeed confusing. The one thing I can think of is that it affects unused tax losses. According to IAS- 12, deferred tax may only be realised if the entity can be reasonably sure of making taxable profits in the future. The losses shown in the financial statements could put this assumption in doubt and thus affect deferred tax. Im not a 100% sure though.
