Norwalk, Conn. (Dec. 29, 2003) -- The Financial Accounting Standards Board) published a revised Interpretation No. 46 Consolidation of Variable Interest Entities, in an effort to clarify several provisions in the original draft as well as exempt certain entities from its requirements.

Under the new guidance, special effective date provisions apply to enterprises that have fully or partially applied Interpretation 46 prior to issuance of the revision.

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