FASB
agrees to defer effective date in FIN 48 for nonpublic
companies. FIN
48 was issued in July 2006, and had an effective date of
years beginning after December 15, 2006 (2007 for most
nonpublic entities). The FASB
approved a one-year deferral until periods beginning after
December 15, 2007 for nonpublic companies. This deferral
does not apply to those
nonpublic companies that have already adopted FIN 48. For
more information, call 412-697-5200. |
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