From the e-Activity, create a scenario reflecting the differencesbetween GAAP and international accounting standards for taxes. Determinewhich reporting standard best reflects financial reporting for taxes,and support your position.Examine the impact of FIN 48 (Accounting for the Uncertainty inincome taxes) on GAAP reporting. Identify the benefits of therequirements on financial reporting. Assess whether FIN 48 wasnecessary, and support your position.
