Exposure Drafts Outstanding.

(This list was compiled as of May 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                           4/2/00
            Derivative Instruments and Certain Hedging
            Activities (an amendment of FASB
            Statement no. 133)

2/17/00     Accounting for                                  5/18/00
            Obligations Associated with
            the Retirement of Long-Lived Assets

12/14/99    Reporting Financial                             5/31/00
            Instruments and
            Certain Related Assets
            and Liabilities at
            Fair Value (preliminary views)

9/7/99      Business Combinations                           12/7/99
            and Intangible Assets

8/11/99     Classification and                              9/25/99
            Measurement of Financial Assets
            Securitized Using a Special-Purpose
            Entity (proposed technical bulletin)

6/28/99     Accounting for Transfers                        9/27/99
            of Financial Assets
            (an amendment of FASB
            Statement no. 125)

2/23/99     Consolidated Financial                          5/24/99
            Statements: Purpose and
            Policy

10/16/98    Rescission of FASB Statement No. 53             1/18/99

8/21/90     Distinguishing Between Liability and           12/31/90
            Equity Instruments With
            Characteristics of Both (discussion
            memorandum)

AcSEC (AICPA)
4/3/00      Proposed Statement of Position: Accounting       6/5/00
            by Insurance Enterprises for
            Demutualizations and Formations of
            Mutual Insurance Holding Companies and
            for Certain Long-Duration
            Participating Contracts

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)
5/1/00      Proposed Statement on Auditing Standards,       6/30/00
            Omnibus Statement on Auditing Standards--
            2000

4/14/00     Proposed Statement on Standards for             6/15/00
            Attestation Engagements: Attestation
            Standards: Revision and Recodification

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
            Auditor's Report

6/10/99     Proposed Statement on Auditing Standards:      11/10/99
            Auditing Financial Instruments (to supersede
            SAS no. 81, Auditing Investments)

Other (AICPA)
4/18/00     Proposed Statements on Standards for Tax        7/18/00
            Services and Interpretation

4/15/00     Omnibus Proposal of Professional Ethics         6/15/00
            Division Interpretations and Rulings

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
12/9/94     The Financial Reporting Entity: Affiliated      2/28/95
            Organizations

7/31/99     Investment Property                            10/31/99

7/31/99     Agriculture                                     1/31/00

IFAC
3/00        CIS Environments (proposed international        7/31/00
            auditing practice statements)

3/00        Fraud and Error (proposed                       6/30/00
            international standard on auditing)

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                 7/31/99
            international standard on auditing)

12/1/98     Financial Reporting of Interests                9/30/99
            in Joint 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)

IFAC
l2/1/98     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                          3/31/99
            (proposed international
            standard on auditing)

8/1/98      Preface to Statements of International          12/31/98
            Public Sector Accounting Standards

8/1/98      Borrowing Costs--Revised (ED5, proposed         9/30/99
            statement of international public sector
            accounting standards)

8/1/98      The Effects of Changes in Foreign Exchange      9/30/99
            Pates--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
            (EDI, proposed statement of international
            public sector accounting standards)

3/1/98      Guidelines for Governmental                     8/31/98
            Financial Reporting

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

GAO
4/14/00     Government Auditing Standards:                  6/30/00
            Independence (preliminary views)

New additions appear in bold type.

INFORMATION

The initials stand for the following organizations. Exposure drafts are available online at the Web address below or copies may be obtained at the address in parentheses (unless otherwise indicated).

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 (American Institute of
            Certified Public Accountants, Harborside Financial
            Center, 201 Plaza Three, Jersey City, NJ 07311-3881).
            As of May 1, 2000, AICPA will publish exposure
            drafts exclusively on the Web site at www.aicpa.org.
            Print copies will not be available.

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 3B18, 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.