At our recent board meeting, several directors raised concerns about spending too many man hours(and dollars I must say) on accounting for future tax consequences. Their biggest argument was thatas long as the tax man is happy and we are not cheating on our tax returns, then we are simply wasting money in accounting for temporary differences and Deferred tax assets (DTAs) and Deferredtax liabilities (DTLs) (which I must admit is a mystery to me). Do you have any problems if we do notaccount for the DTAs and DTLs and just account for the current tax liability?