The Financial Accounting Standards Board unanimously voted to move forward in implementing new rules that require public companies to take a more structured approach in reporting uncertain tax positions on their financial statements.

The vote means that the board's Interpretation No. 48, Accounting for Uncertainty in Income Taxes - more commonly referred to as FIN 48 - will be effective for fiscal years beginning after Dec. 15, 2006. Companies will have to give a range of the likely impact in their annual reports for 2006.

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