NEW YORK, NY, FEBRUARY 2—Friedman LLP’s Jay H. Goldberg and Elliot L. Hendler spoke today on “Accounting for Uncertainty in Tax Positions” at the Manhattan offices of Roberts & Holland LLP, a specialized tax law firm.
Their discussion centered on technical issues of FIN 48, an Interpretation of SFAS No. 109, issued in 2006 by the Financial Accounting Standards Board. FIN 48 is of keen interest to companies and their legal and financial advisors. It clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. It also prescribes additional calculation and documentation requirements for individually identified income tax exposures. Goldberg and Hendler, principals in the firm and directors of quality control, lead a department that has decades of experience reviewing financial statements for compliance with professional standards and conducting extensive research on accounting and auditing issues.
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Friedman LLP, Accountants and Advisors, is headquartered in Manhattan with offices in Uniondale, Long Island and East Hanover, New Jersey. Friedman LLP employs more than 240 personnel, providing accounting, tax and consulting services to public and privately held companies. For further information, contact Carol Schrager at 212.842.7535 or visit our website at WWW.FRIEDMANLLP.COM. |
