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FEI CPC Sends Letter To FASB Supporting Delay Of FIN 48 For Private Cos.
Dec. 5, 2008
FEI Summary
On Dec. 5, 2008, the Standards Subcommittee of FEI’s Committee on Private Companies (CPC) filed a comment letter with the Financial Accounting Standards Board on Proposed FASB Staff Position (FSP) No. FIN 48-c, Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises. The comment letter supports the proposed delay of Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48) for nonpublic companies and provides examples of some of the complexities of applying FIN 48 to pass-through entities. Read FEI’s comment letter here. Read other comment letters posted on the FASB Web site here.
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