At its April 11, 2007 board meeting, the FASB moved toward finalizing its guidance on FIN 48, “Accounting for Uncertainty in Income Taxes,” and voted to change the term in the final guidance from “highly likely” to “remote.” FASB also instructed its staff to forego further work on the “claims” approach to defining liability and equity at this time, pending input on its Prelim View doc.... more » (FEI members only)