FIN 48 deferred.

• Position: News & trends - Brief article

FASB officially deferred the effective date for FIN 48, Accounting for Income Taxes, in the recently issued FASB staff position FIN 48-2, Effective Date of FASB Interpretation No.48 for Certain Nonpublic Enterprises.

FIN 48-2 incorporates changes made to the original exposure draft and defers the effective date for certain nonpublic enterprises--including nonpublic not-for-profit organizations--to the annual financial...