FIN 48: The Impact On Staffing, Internal Control Processes And Expertise Of Privately-Held Companies

Reed Kirschling
Michael Akers, Marquette University

Originally published in Review of Business Information Systems, Volume 12, No. 2 (Second Quarter 2008): 9-13.

This article is identical to the published version.

The article was originally published by Clute Institute for Academic Research. For more information about accessing the definitive published version of this article, consult the publisher’s website here.


While FASB Interpretation 48 (FIN 48), Accounting for Uncertainty in Income Taxes-An Interpretation of Statement of Financial Accounting Standards (SF AS) 109, Accounting for Income Taxes applies to both privately-held and publicly traded companies, privately-held companies have characteristics that can impact implementation. This paper reports the findings of a survey of the top 100 privately-held companies to determine how these organizations are addressing the staffing of tax department personnel, process controls and knowledge acquisition during the implementation of FIN 48.