Is ASC 740 The Same As FIN 48?
Is ASC 740 The Same As FIN 48? ASC 740, formerly known as FIN 48, offers guidance on uncertain tax positions. It is broad in scope and now applies to both nonprofit and for-profit entities. What is FIN 48 analysis? FIN 48 (mostly codified at ASC 740-10) is an official interpretation of United States accounting