Technical Practice Aids issued on FASB Interpretation No. 45.

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 Aids have not been approved, disapproved, or otherwise acted upon by any senior technical committee of the AICPA. Answers are not sources of established accounting principles as described in Statement on Auditing Standards No. 69, The Meaning of Present Fairly in Accordance with Generally Accepted Accounting Principles.

Members should address inquiries about specific audit or accounting problems to the Technical Hotline. Call 888/777-7077 or e-mail [e-mail].