Technical Practice Aids issued on FASB Interpretation No. 45.

• Position: Brief Article

Two Technical Practice Aids were issued by AICPA staff recently:

* TPA 6400.45--Applicability of FASB Interpretation No. 45--Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others--Physician Loans

* TPA 6400.46--Applicability of FASB Interpretation No. 45--Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others--Mortgage Guarantees

Practitioners are encouraged to incorporate this guidance as soon as practicable. These Technical Practice Aids, along with others recently issued, are available on the AICPA's Web site at www.aicpa.org/members/div/acctstd/general/recent_tpas.asp.

The Technical Practice...