Exposure Drafts Outstanding.

(This list was compiled as of August 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

6/30/00(*)   Accounting for the Impairment or Disposal     10/13/00
             of Long-lived Assets and Obligations
             Associated with Disposal Activities

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         9/27/99
             Assets (an amendment of FASB Statement
             no. 125)

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

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

AcSEC (AICPA)

5/30/00      Accounting by Certain Financial               8/31/00
             Institutions and Entities That Lend to or
             Finance the Activities of Others
             (an amendment of existing AICPA audit and
             accounting guides)

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

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

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

Other (AICPA)

7/1/00       AICPA/CICA SysTrust[TM] Principles and        8/15/00
             Criteria for Systems Reliability
             (version 2.0)

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

SEC

2/18/00      SEC Concept Release: International            5/23/00
             Accounting Standards

1/21/00      Supplementary Financial Information           4/17/00

3/1/99       Financial Statements and Periodic Reports      5/4/99
             for Related Issuers and Guarantors

12/4/98      The Regulation of Securities Offerings        6/30/99

GASB

6/30/00(*)   Certain Financial Statement Note              9/29/00
             Disclosures

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

IASC

7/3/00(*)    E66, Proposed Limited Revisions to IAS 39     9/10/00
             and Other Related Standards

7/3/00(*)    E67, Pension Plan Assets                      9/10/00

7/3/00(*)    E68, Income Tax Consequences of Dividends     9/10/00

7/31/99      Agriculture                                   1/31/00

IFAC

6/15/00      Independence (proposed changes to the Code    9/15/00
             of Ethics for Professional Accountants)

5/24/00      Financial Reporting under the Cash Basis      11/30/00
             of Accounting (ED 9, proposed statement
             of international public sector accounting)

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

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

3/1/99       Assurance Engagements (proposed               7/31/99
             international standard on auditing)

ISB

2/00         A Conceptual Framework for Auditor            5/31/00
             Independence (Discussion Memorandum,
             DM 00-1)

GAO

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

FASAB

5/10/00      Credit Program Reconciliation and             8/10/00
             Technical Amendments to Accounting
             Standards for Direct Loans and Loan
             Guarantees in Statement of Federal
             Financial Accounting Standards no. 2
             and no. 18

New additions appear in (*) = bold type.

INFORMATION

The initials stand for the following organizations. Exposure drafts are available online at the Web addresses 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 publishes exposure drafts
          exclusively on the Web site at www.aicpa.org. Print
          copies are not 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, Marcia B. Buchanan, 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.