To aid compliance with the Financial Accounting Standards Board’s Interpretation No. 48, Accounting for Uncertainty in Income Taxes, an Interpretation of FASB Statement No. 10, more commonly referred to as FIN 48, Thomson Tax & Accounting has unveiled a proprietary FIN 48 solution.
The new offering includes software licensed from Decision Modeling Inc., which provides interest calculations to properly quantify FIN 48 recognition and liabilities. The FIN 48 product also provides
workflow analysis, best practice templates, interoffice memos and guidance with regard to FIN 48’s Sarbanes-Oxley compliance requirements.
The FIN 48 solution is integrated with the company’s Checkpoint online tax-research platform.
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