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  • Peter J Frischmann, Ryan Wilson, Cristi Gleason, Linda Krull, Lillian Mills, Tom Omer +5 others
  • 2008
Commentary during the development of FASB Interpretation No. 48 suggests the interpretation could be costly for firms because new disclosure requirements could be used by the IRS to more effectively challenge uncertain tax positions. Stock returns around FIN 48 pronouncements suggest investors were not concerned about an increase in tax costs, and investors(More)
  • Jennifer Blouin, Cristi Gleason, Lillian Mills, Stephanie Sikes, Michelle Hanlon, Max Hewitt +14 others
  • 2008
FIN 48, Accounting for Uncertainty in Income Taxes, introduces new disclosure and computational requirements that reduce discretion in estimating tax reserves. FIN 48's adoption rule requires firms to record cumulative effect adjustments in stockholders' equity rather than through earnings. We predict that over-reserved firms will decrease their tax(More)
  • Sarah E Bonner, Shana M Clor-Proell, Lisa Koonce, Kelsey Dworkis, Kari Olsen, Kelly Walpert +15 others
  • 2014
Current financial reporting guidance allows managers flexibility as to whether to disaggregate income statement items. Such flexibility is problematic if managers prefer to aggregate in some situations and disaggregate in others because we conjecture that investors' evaluations of firms will predictably differ depending on whether performance information is(More)
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