FASB may consider replacing FAS 109 with IAS 12 Revised
05 Jun 2008
In an interview published by BNA, FASB Director of Planning and Support Sue Bielstein said that the FASB staff plans to ask FASB to consider issuing an IASB-drafted rewrite of IAS 12 Income Taxes rather than proposing revisions to the US standard – FAS 109 Accounting for Income Taxes.
Ms Bielstein suggested that FASB may discuss this proposal before the end of this month.
