FASB Extends Effective Date of Proposed Changes to FAS 5, Adds Project On FIN 48 and Private Cos

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By Edith Orenstein, FEI Financial Reporting Blog - At its board meeting earlier today (Sept. 24), FASB agreed to delay the effective date of its proposed changes to FAS 5, contingency disclosures, until next year. FASB also announced they will add a project on FIN 48 (Uncertainty in Income Taxes) with respect to nonpublic companies. See further details on these topics here.


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