Exposure Drafts Outstanding.

(This list was compiled as of April 1, 2000. For exposure drafts issued after that date, consult The CPA Letter.

Note: The policy for updating the list of exposure drafts is that a document should remain on the list until a final document has been issued or the project has been dropped. However, no comments will be received after the comments deadline has expired.)

Issue                                                       Comment
Date                   Title or Description                Deadline

FASB
3/30/00    Accounting for Certain Derivative Instruments     4/2/00
           and Certain Hedging Activities (an amendment
           of FASB Statement no. 133)
2/17/00    Accounting for Obligations Associated with       5/18/00
           the Retirement of Long-Lived Assets
12/14/99   Reporting Financial Instruments and              5/31/00
           Certain Related Assets and Liabilities at
           Fair Value (preliminary views)
9/7/99     Business Combinations and Intangible Assets      12/7/99
8/11/99    Classification and Measurement of Financial      9/25/99
           Assets Securitized Using a Special-Purpose
           Entity (proposed technical bulletin)
6/28/99    Accounting for Transfers of Financial Assets     9/27/99
           (an amendment of FASB Statement no. 125)
2/23/99    Consolidated Financial Statements: Purpose       5/24/99
           and Policy
10/16/98   Rescission of FASB Statement No. 53              1/18/99
8/21/90    Distinguishing Between Liability and Equity     12/31/90
           Instruments With Characteristics of Both
           (discussion memorandum)

AcSEC (AICPA)
3/22/00    Proposed Statement of Position: Accounting       6/22/00
           for and Reporting of Certain Health and
           Welfare Benefit Transactions (amendment to
           Audit and Accounting Guide, Audits of
           Employee Benefit Plans, and SOP 92-6)
12/30/98   Proposed Statement of Position: Accounting       4/29/99
           for Discounts Related to Credit Quality
10/16/98   Proposed Statement of Position: Accounting       1/18/99
           by Producers and Distributors of Films

ASB (AICPA)
11/29/99   Proposed Statement on Auditing Standards:        1/28/00
           Amendment to Statement on Auditing
           Standards No. 69, The Meaning Of Present
           Fairly in Conformity With Generally Accepted
           Accounting Principles in the Independent
           Auditors Report
6/10/99    Proposed Statement on Auditing Standards:       11/10/99
           Auditing Financial Instruments (to supersede
           SAS no. 81, Auditing Investments)

Other (AICPA)
12/31/99   Proposed Statement on Standards for               6/9/00
           Accounting and Review Services: Amendment
           to Statement on Standards for Accounting and
           Review Services 1, Compilation and Review of
           Financial Statements
12/31/99   Proposed Statement on Standards for               6/9/00
           Accounting and Review Services: Financial
           Statements Included in Written Business
           Valuations
5/17/99    Proposed Revisions to the AICPA Standards        8/10/99
           for Performing and Reporting on Peer Reviews
9/22/98    Proposed Audit and Accounting Guide:            12/22/98
           Audits of Investment Companies
9/4/98     Proposed Audit and Accounting Guide:             12/4/98
           Life and Health Insurance Entities

SEC
2/18/00    SEC Concept Release: International               5/23/00
           Accounting Standards
1/21/00    Supplementary Financial Information              4/17/00
10/8/99    Audit Committee Disclosure                      11/29/99
3/19/99    Offer and Sale of Securities to Canadian         5/28/99
           Tax-Deferred Retirement Savings Accounts
3/10/99    Rulemaking for EDGAR System (Changes             4/15/99
           for EDGAR Modernization)
3/1/99     Financial Statements and Periodic Reports         5/4/99
           for Related Issuers and Guarantors
2/9/99     International Disclosure Standards               4/12/99
12/4/98    The Regulation of Securities Offerings           6/30/99
11/13/98   Cross-Border Tender Offers, Business             2/16/99
           Combinations and Rights Offerings

GASB
11/22/99   Recipient Reporting for Certain Shared           1/31/00
           Nonexchange Revenues
12/9/94    The Financial Reporting Entity: Affiliated       2/28/95
           Organizations

IASC
7/31/99    Investment Property                             10/31/99
7/31/99    Agriculture                                      1/31/00

IFAC
3/00       CIS Environments                                 7/31/00
3/00       The Auditor's Responsibility to Consider         6/30/00
           Fraud and Error
12/1/99    Acquisition of Information Technology            3/31/00
12/1/99    Implementation of Information Technology         3/31/00
           Solutions
12/1/99    Service Delivery and Support                     3/31/00
6/1/99     The Development of International Public          9/30/99
           Sector Accounting Standards: Which Bases
           of Accounting? (invitation to comment)
3/1/99     Assurance Engagements (proposed international    7/31/99
           standard on auditing)
12/1/98    Financial Reporting of Interests in Joint        9/30/99
           Ventures--Revised (ED8, proposed statement of
           international public sector accounting
           standards)
12/1/98    Accounting for Investments in Associates--       9/30/99
           Revised (ED7, proposed statement of
           international public sector accounting
           standards)
12/1/98    Consolidated Financial Statements and            9/30/99
           Accounting for Controlled Entities--Revised
           (ED6, proposed statement of international
           public sector accounting standards)
11/1/98    External Confirmations (proposed                 3/31/99
           international standard on auditing)

IFAC
8/1/98     Preface to Statements of International Public   12/31/98
           Sector Accounting Standards
8/1/98     Borrowing Costs--Revised (EDS, proposed          9/30/99
           statement of international public sector
           accounting standards)
8/1/98     The Effects of Changes in Foreign Exchange       9/30/99
           Rates--Revised (ED4, proposed statement of
           international public sector accounting
           standards)
8/1/98     Net Surplus or Deficit for the Period,           9/30/99
           Fundamental Errors and Changes in Accounting
           Policies--Revised (ED3, proposed statement of
           international public sector accounting
           standards)
8/1/98     Cash Flow Statements--Revised (ED2, proposed     9/30/99
           statement of international public sector
           accounting standards)
8/1/98     Presentation of Financial Statements--Revised    9/30/99
           (ED1, proposed statement of international
           public sector accounting standards)
3/1/98     Guidelines for Governmental Financial            8/31/98
           Reporting

ISB
12/1/99    Employment with Audit Clients                    2/29/00

FASAB
3/00       Purpose and Scope of FASAB Technical             4/3/00
           Bulletins and Procedures for Issuance

New additions appear in bold type.

INFORMATION

The initials stand for the following organizations. Requests for copies of the exposure draft should be directed to the address indicated in parentheses.

FASB--    Financial Accounting Standards Board (Order Department,
          Financial Accounting Standards Board, 401 Merritt 7, P.O.
          Box 5116, Norwalk, CT 06856-5116); also available online
          at www.fasb.org
GASB--    Governmental Accounting Standards Board (Order Department,
          Governmental Accounting Standards Board, 401 Merritt 7,
          P.O. Box 5116, Norwalk, CT 06856-5116); also available
          online at www.gasb.org
AICPA--   American Institute of CPAs (Order Department, American
          Institute of Certified Public Accountants, Harborside
          Financial Center, 201 Plaza Three, Jersey City, NJ
          07311-3881); also available online at www.aicpa.org
IASC--    International Accounting Standards Committee
          (International Accounting Standards Committee, 166 Fleet
          Street, London EC4A 2DY, England); also available online
          at www.iasc.org.uk
IFAC--    International Federation of Accountants (International
          Federation of Accountants, 535 Fifth Avenue, 26th Floor,
          New York, NY 10017); also available online at
          www.ifac.org
ISB--     Independence Standards Board (6th Floor, 1211 Avenue of
          the Americas, New York, NY 10036-8775); also available
          online at www.cpaindependence.org
SEC---    Securities and Exchange Commission (Securities and
          Exchange Commission, 450 5th Street, N.W., Washington,
          DC 20549); also available online at www.sec.gov/rules/
          propridx.htm and www.sec.gov/rules/concindx.htm#con
FASAB--   Federal Accounting Standards Advisory Board (Federal
          Accounting Standards Advisory Board, 441 G Street, N.W.,
          Suite 3B 18, Washington, DC 20548); also available online
          at www.financenet.gov/fasab.htm
GAO--     U.S. General Accounting Office (Government Auditing
          Standards Comments, Robert W. Gramling, U.S. General
          Accounting Office, Room 5089, 441 G Street, N.W.,
          Washington, DC 20548); www.gao.org

AICPA TECHNICAL HOTLINE

The Technical Information Service answers inquiries about specific audit or accounting problems. Call toll-free: 1-888-777-7077. This service is free to AICPA members.

Note: The above list is not all-inclusive but is intended to present the exposure drafts of particular interest to professional accountants.