Tax Risk Management Under SOX 404 and FIN 48

20 Pages Posted: 4 Oct 2009 Last revised: 16 Dec 2009

See all articles by Dr Daniel N. Erasmus

Dr Daniel N. Erasmus

Thomas Jefferson School of Law; Middlesex University

Date Written: October 4, 2009


This paper summarizes the key features of tax risk management and sets out the typical steps that should be followed. It follows a typical Six Sigma process in going about tax risk management. This paper discusses tax risk management, in particular, in the context of Section 404 of the U.S. Sarbanes-Oxley Act of 2002 (SOX 404) and the Financial Accounting Standards Board (FASB) Interpretation No. 48 (FIN 48) ("Accounting for Uncertainty in Income Taxes").

This paper was originally presented in Tampa, Florida, in April 2007, as part of a Continuing Legal Education program to a local association of lawyers dealing with corporate governance issues.

Keywords: six sigma, tax risk management, SOX 404, FIN 48

JEL Classification: K10, K33, K34

Suggested Citation

Erasmus, Dr Daniel N. and Erasmus, Dr Daniel N., Tax Risk Management Under SOX 404 and FIN 48 (October 4, 2009). Thomas Jefferson School of Law Research Paper No. 1480978, Available at SSRN: or

Dr Daniel N. Erasmus (Contact Author)

Middlesex University ( email )

United Kingdom

Thomas Jefferson School of Law ( email )

701 B Street
Suite 110
San Diego, CA 92101
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561-568-7115 (Phone)


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