The Financial Accounting Standards Board is considering delaying implementation of its controversial standard on accounting for uncertainty in income taxes for private entitiies.
At a meeting Wednesday, the board discussed expanding the scope of a previous deferral of FASB Interpretation No. 48 for certain nonpublic entities. FASB had decided at its October 1 meeting that the deferral should be limited to only pass-through entities. But at the October 15 meeting, FASB decided to issue a proposed FASB Staff Position to defer FIN 48 for all nonpublic entities until fiscal years beginning after Dec. 15, 2008, rather than limiting the deferral to pass-through entities only.
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