The PCPS Technical Issues Committee (TIC) called for guidance on applying FASB’s complicated standards on accounting for uncertain tax positions to pass-through entities and tax-exempt not-for-profit entities and disclosure amendments for nonpublic entities.  As a result, FASB issued implementation guidance.

Ø  FASB Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities (9/09)

Additional Guidance