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Differences between FIN 48 and IFRIC 23

A Critical Analysis

  • Book
  • © 2022

Overview

Authors:
  1. Carolin Seibert

    1. Bonn, Germany

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Part of the book series: BestMasters (BEST)

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Table of contents (5 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction

    • Carolin Seibert
    Pages 1-2

  3. Conceptual Basis for Accounting for Uncertain Tax Positions

    • Carolin Seibert
    Pages 3-14

  4. Critical Analysis of the Conceptual Differences between FIN 48 and IFRIC 23

    • Carolin Seibert
    Pages 15-28

  5. Critical Analysis of the Practical Application of IFRIC 23

    • Carolin Seibert
    Pages 29-46

  6. Conclusion

    • Carolin Seibert
    Pages 47-48

  7. Back Matter

    Pages 49-70
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Keywords

About this book

Uncertainties about the tax treatment of business transactions in the tax return or tax balance sheet can cause significant accounting challenges for current and deferred taxes in the financial statements. Whereas the accounting treatment of tax risks or tax audit risks has been regulated under US GAAP since 2006, a corresponding IFRS regulation was only published in 2017 and is effective from the 2019 fiscal year. The author takes this as an opportunity to analyze and critically assess the differences between the US GAAP accounting regulation “FIN 48 – Accounting for Uncertainty in Income Taxes” and the IFRS accounting regulation “IFRIC 23 – Uncertainty over Income Tax Treatments”. Building on the insights from her analysis, the author also examines the problem areas arising from IFRIC 23 from the perspective of the German tax authorities, German business practice and German advisory practice. 

Authors and Affiliations

  • Bonn, Germany

    Carolin Seibert

About the author

About the author
Carolin Seibert graduated with a Master of Science in Business Administration from the University of Münster, Germany. Currently, she works as a tax assistant and is pursuing her PhD at the Institute of Corporate Taxation and Accounting at the University of Trier, Germany. Her work and research focus on international tax law.


Bibliographic Information

  • Book Title: Differences between FIN 48 and IFRIC 23

  • Book Subtitle: A Critical Analysis

  • Authors: Carolin Seibert

  • Series Title: BestMasters

  • DOI: https://doi.org/10.1007/978-3-658-39041-9

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Management, Business and Management (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2022

  • Softcover ISBN: 978-3-658-39040-2Published: 02 September 2022

  • eBook ISBN: 978-3-658-39041-9Published: 31 August 2022

  • Series ISSN: 2625-3577

  • Series E-ISSN: 2625-3615

  • Edition Number: 1

  • Number of Pages: X, 70

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Accounting/Auditing

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