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CCH Offers Comprehensive, Up-to-date FIN 48 Guidance

(RIVERWOODS, ILL., June 18, 2007) – With the significant impact FIN 48 has had on companies and firms around the country, professionals need to take the correct measures to ensure compliance. The 2008 edition of CCH Accounting for Income Taxes is a comprehensive print resource that provides the clear, in-depth and current analysis of FASB Statement No. 109 and FIN 48 to guide professionals with implementation and compliance and to help them find the answers to their most complex questions. CCH, a Wolters Kluwer business is a leading provider of tax and accounting information, software and services (

“In addition to developing the right strategic approach to FIN 48, CCH Accounting for Income Taxes helps professionals identify Uncertain Tax Positions and Required Disclosures, develop supporting documentation and update policies and internal controls,” said CCH Product Manager Don Moorhead. “It serves as a reliable solution for FIN 48 guidance and draws on lessons learned from leading practitioners in the field.”

This invaluable, up-to-date resource also helps professionals gain a greater understanding of FIN 48 rules and maintain compliance by providing:

  • Indispensable guidance on the complex requirements of Statement 109;
  • Clarification of the implementation issues resulting from the accounting industry’s literal approach to applying the statement’s criteria; and
  • A selective combination of information from the official text of the FASB, along with information drawn from the AICPA, consensuses of the EITF, SEC Staff Accounting Bulletins and leading practitioners.

About the Authors

Lead Author, Richard R. Petersen, is a co-founder and Managing Director of Financial Reporting Advisors LLC (FRA). Based in Chicago, Ill., FRA provides consulting services related to accounting and SEC reporting and litigation support services. Previously, Petersen was a partner with Arthur Andersen LLP in its Professional Standards Group (PSG). In this role, he consulted with clients and engagement teams on complex financial reporting matters and authored interpretive guidance on topics, such as consolidations, income taxes, leases and revenue recognition, for Andersen's worldwide practice. He also represented the firm before various standards setters, including the FASB, the SEC and the AICPA.

Petersen has served as the chair or member of various Emerging Issues Task Force working groups on a wide array of topics, such as consolidation, leases, income taxes and revenue recognition. He also was a member of the AICPA Taskforce on Reorganization that developed AICPA Practice Bulletin No. 11, Accounting for Preconfirmation Contingencies in Fresh-Start Reporting. Petersen is currently a member of the AICPA’s Accounting Standards Executive Committee (AcSEC).

From 1988 to 1990, Petersen was a Practice Fellow at the FASB. He was the project manager for the reconsideration of FASB Statement No. 96, Accounting for Income Taxes, and FASB Statement No. 101, Regulated Enterprises — Accounting for the Discontinuation of Application of FASB Statement No. 71. He also worked on issues related to business combinations and leveraged buyouts.

Petersen is a CPA in Nebraska and Illinois and a member of the AICPA and the Illinois CPA Society.

Editorial Review Author, Ronald G. Pippin, CPA is the Managing Director of Accounting Research Manager (ARM) at CCH, a Wolters Kluwer business. Pippin authors, maintains, and approves all of the updates to the accounting and SEC content on the Accounting Research Manager database. He also provides oversight guidance to the audit and other materials added to ARM. Among other responsibilities, Pippin reviews the completeness of the content for CCH Accounting for Income Taxes.

Pippin has 20 years of public accounting experience, including six years as an audit partner with Arthur Andersen. He also served as the senior technical accounting officer at a Chicago-based Fortune 50 firm for 10 years. Before Pippin joined CCH, a Wolters Kluwer business, he worked in Andersen’s Professional Standards Group (commonly known as the “national office”), where he consulted on technical accounting matters and contributed to the authoring and maintenance of ARM’s accounting content. Wolters Kluwer purchased ARM from Andersen in 2001.

Pippin is a member of Financial Executives International, the AICPA, and the Illinois Society of CPAs.

For More Information

For more information or to order the 375-page CCH Accounting for Income Taxes, call 800-449-8114 or visit Single copy price is $210. Quantity discounts are available.

About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business ( is a leading provider of tax, audit and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has 2006 annual revenues of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit

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