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To provide further clarification into what information would be considered confidential client information, the PEEC is proposing a new definition to section 92 of the Code. The PEEC also issued Ruling 12 under Rule 202--Compliance with Standards. The PEEC decided that a CPA could assist an attest client with the application of FIN 48 without impairing independence, provided the member is satisfied that the client understands why a specific tax position does or does not meet FIN 48's more-likely-than-not (MLTN) threshold and the basis for determining the amount of related unrecognized tax benefits. |
PEEC |
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