FASB Proposing To Defer FIN 48 for ALL Private Entities

Posted by accountingweb on Oct 17 2008 763 printer friendly

By Edith Orenstein, FEI Financial Reporting Blog -
At its October 15 board meeting, FASB reconsidered its October 1 decision to propose a one year deferral of FIN 48, Uncertain Income Taxes, for only certain pass-through entities, and instead, voted on October 15 that the proposed further deferral of FIN 48 should apply to ALL private entities (i.e., non-public companies). Read more here.

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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