The Financial Accounting Foundation plans to conduct a post-implementation review of the standard governing accounting for income taxes to gauge how well it has performed.

The FAF, which oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has been conducting post-implementation reviews of several accounting standards to determine how well they have been performing for preparers and users of financial statements. Among them has been FIN 48, “Accounting for Uncertainty in Income Taxes.”

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