A report released yesterday by the Financial Accounting Foundation concludes that although the benefits of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48) exceed the costs, and recommended improvements to the FASB’s standard-setting process.
We may have more to say about the PIR report and/or link to others’ commentary/observations in future blog posts.
Posted: 1/13/2012 4:40:33 PM
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Filed under: FAF,FASB,FIN,Income,Post-Implementation,Review,Taxes,Uncertain,Uncertainty,48