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PBI » Topics » Accounting for Uncertainty in Income Taxes-an Interpretation of FASB Statement No. 109

This excerpt taken from the PBI 10-K filed Mar 1, 2007.
Accounting for Uncertainty in Income Taxes-an Interpretation of FASB Statement No. 109. FIN 48 clarifies the accounting for uncertainty in income taxes by creating a framework for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions that they have taken or expect to take in a tax return. FIN 48 is effective for fiscal years beginning after December 15, 2006 and is required to be adopted by us beginning in the first quarter of 2007. We are currently evaluating the impact of adopting this Statement.

In July 2006, the FASB issued FSP No. FAS 13-2,

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