Deflategate, Binkygate & Disclosing Open Tax Years

The AICPA’s Center for Plain English Accounting conducted an investigation into the applicability of the disclosure requirement of open tax years associated with the Financial Accounting Standards Board’s Interpretation No. 48, Accounting for Uncertainty in Income Taxes.  Robert Durak, Director- Center for Plain English Accounting, American Institute of CPAs, discusses a CPEA investigation into the matter.

To find out more on AICPA’s article, click: AICPA Insights.