For news from the AICPA and state societies, visit www.cpa2biz.com , which also
offers online CPE, AICPA professional literature, practice management
aids and links to state society Web sites.
The AICPA staff issued two technical practice aids (TPAs)
(
www.aicpa.org/members/div/acctstd/ ) on the applicability of
FASB Interpretation no. 45, “Guarantor’s Accounting and Disclosure
Requirements for Guarantees, Including Indirect Guarantees of
Indebtedness of Others” ( www.fasb.org/st/summary
). TPA 6400.45 addresses physician loans, and TPA 6400.46
discusses mortgage guarantees. Practitioners are encouraged to
implement the guidance as soon as possible. 
