The Tax GAAP-FASB Speaks on Tax Provisions for Financial Reporting

Published: July 21, 2006, 10:51 p.m.

b'And now for something completely different-coverage of FASB.\\xa0 Well, actually there is a tax angle to this one, as FASB has issued FASB Interpretation 48 in final form in June that will deal with uncertain tax positions.\\xa0 The new interpretation will create some real problems for CPAs, especially those who both handle tax matters and have any sort of attest relationship with the client (including compilations, reviews and audits) that deals with GAAP statements.

The materials can be downloaded from http://www.edzollars.com/2006-07-22_FASB_Podcast.pdf , though the actual FASB interpretation needs to be downloaded from their site ( http://www.fasb.org/st/#int48 ) due to copyright issues-and you will want to download it.

The podcast is sponsored by Leimberg Information Services, on the web at www.leimbergservices.com .
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