Accounting Policy and Practice Report Index-Summary

UNCERTAIN TAX POSITIONS, FIN 48

See also ACCOUNTING FOR INCOME TAXES
– IASB proposal to replace IAS 12, inconsistency with FASB position likely to bedevil preparers, 415; convergence with U.S. GAAP defended by IASB member, 538; comments criticize proposed revision, feature report, 761; interim reporting improvements to take place of major project, 972
– Income tax accounting under IFRS, overview, SplRpt (6/26/09)
– Nonpublic entities, FASB defers effective date for, 28; guidance expected by June, 352; proposed guidance issued, 482; guidance for passthroughs and not-for-profits, staff to move ahead on drafting final ballot, 621; final guidance for private, passthroughs and not-for-profits issued, entities still not ready, 831; final guidance issued revising disclosure requirements, 842; analysis of private company adoption, multistate tax position issues, 880 et seq.; correction of feature report on page 831, 887; effective date clarified, 938
– Tax accrual workpapers, IRS developing policy for obtaining information about uncertain tax positions, 996
– Tax reserve rules not being met by one third of large firms, Seigel report shows, 46; full year update shows one third of public firms fail to meet reserve rule, 227

UNITED KINGDOM (UK)

– Cash flow statement presentation, UK independent corporate reporting regulator report on ways to make reports more useful and transparent, 613
– Personal tax accountability to be imposed on CFOs, accountants and attorneys express concern over plan, 417; draft guidance published imposing Sarbanes-Oxley style tax duties on CFOs of large companies, 631

UNIVERSITIES

– Endowment funds

See ENDOWMENT FUNDS

UTILITIES

– IASB added project to agenda on rate-regulated industries re recognition of assets and liabilities, 36; qualified approval given to staff scope proposal, 172; comments sought on varied proposals addressing differing practitioner views, 722