The Financial Accounting Standards Board announced today that the deadline for commentary on Staff Position FSP FIN 46-e has been changed to next Tuesday, Oct 7. Comments on the FSP were originally due on Oct. 20.

FIN 46-e proposes a deferral in implementation of FIN 46 for public companies that - to this point - have been unable to determine if an entity, which was established prior to Feb. 1, is a variable interest entity. The deferral would be limited to questionable VIEs that were not previously considered SPEs, and do not hold financial assets as defined in FAS 140. The deferral would allow companies to postpone applying the FIN 46 provisions until the first annual or interim reporting period ending after Dec. 15.

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