000			02289nab a2200229 a 4500
999			_c199527 _d199527
003			OSt
005			20200226102039.0
008			191219s20152014xxu||||| |||| 00| 0 eng d
040			_aCO-BoUGC _cCO-BoUGC
100	1		_aRobinson, Leslie A. _9178031
245	1	0	_aOne size does not fit all _bhow the uniform rules of FIN 48 affect the relevance of income tax accounting _cLeslie A. Robinson, Bridget Stomberg & Erin M. Towery
300			_aPáginas 1195 a la 1217
520	3		_aOur study examines how the uniform rules of FIN 48, which governs accounting for income tax uncertainty, affect the relevance of income tax accounting. By requiring all firms to follow the same recognition and measurement process, the FASB intended FIN 48 to improve the relevance of income tax accounting. However, practitioners argue that reserves reported under FIN 48 lack relevance because they represent liabilities that will never be paid to tax authorities. Consistent with these concerns, we estimate that over a three-year period, only 24 cents of every dollar of reserves unwind via settlements. Moreover, contrary to the FASB's intention, we find no evidence that FIN 48 increased the ability of tax expense to predict future tax cash flows. Rather, we find that the predictive ability of tax expense for future tax cash flows decreases among firms for which FIN 48 is most restrictive. Finally, we find no evidence that investors identify firms for which reserves overstate future tax cash outflows and incorporate this into their valuations. Our results provide evidence that the uniform accounting rules of FIN 48 negatively affect the relevance of income tax accounting.
650	1	4	_991036 _aContabilidad _xLegislación _zEstados Unidos _vPublicaciones seriadas
650	2	4	_9176514 _aImpuestos _xLegislación _zEstados Unidos _vPublicaciones seriadas
650	2	4	_aAuditoría _xLegislación _zEstados Unidos _vPublicaciones seriadas _9177057
690			_aThe Financial Accounting Standars Board (FASB) _9176922
700	1		_aStomberg, Bridget _9178032
700	1		_aTowery, Erin M. _9177478
773	0		_082265 _9372884 _aThe accounting review 2016 V.91 No.4 (Jul) _o0000002030403 _x0001-4826 (papel) _h23 páginas _nIncluye tablas, figuras, referencias bibliográficas y apéndices
942			_2ddc _cART