Exposure Drafts Outstanding.

Issue                                      Comment
Date       Title or Description            Deadline

FASB
6/30/00    Accounting for the              10/13/00
            Impairment or Disposal
            of Long-Lived Assets
            and for Obligations
            Associated with
            Disposal Activities

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
            Secutirized Using
            a Special-Purpose
            Entity (proposed
            technical bulletin)

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

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

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

AcSEC
 (AICPA)
A 8/15/00  Proposed Statement              11/15/00
            of Position:
            Amendment of Scope
            of SOP 95-2,
            Financial Reporting
            by Nonpublic
            Investment
            Partnerships, to
            Include Commodity
            Pools

5/30/00    Accounting by                   8/31/00
            Certain Financial
            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           6/5/00
            Position: Accounting
            by Insurance
            Enterprises for
            Demutualizations
            and Formations of
            Mutual Insurance
            Holding Companies
            and for Certain
            Long-Duration
            Participating
            Contracts

3/22/00    Proposed Statement              6/22/00
            of Position:
            Accounting
            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              4/29/99
            of Position:
            Accounting for
            Discounts Related to
            Credit Quality

ASB
 (AICPA)

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

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

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

Other
 (AICPA)

A 8/15/00  WebTrust Program for              9/30/00
            On-line Privacy

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

4/18/00    Proposed Statements on            7/18/00
            Standards for Tax
            Services and Interpretation

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

12/31/99   Proposed Statement on              6/9/00
            Standards for Accounting
            and Review Services:
            Financial Statements
            Included in Written Business
            Valuations

5/17/99    Proposed Revisions to the         8/10/99
            AICPA Standards for
            Performing and Reporting on
            Peer Reviews

9/22/98    Proposed Audit and Accounting    12/22/98
            Guide:
            Audits of Investment
            Companies

SEC
A 6/30/00  Revision of the Commission's      9/25/00
            Auditor
            Independence Requirements

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

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

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

GASB
6/30/00    Certain Financial Statement       9/29/00
            Note Disclosures

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

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

7/3/00     E67, Pension Plan Assets          9/10/00

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

7/31/99    Agriculture                       1/31/00

IFAC
A 8/00     Auditing Derivative Financial    11/30/00
            Instruments (proposed
            international public sector
            study)

A 7/16/00  Impairment of Assets (public      1/30/01
            sector committee invitation
            to comment)

A 7/16/00  Revenue from Exchange            11/30/00
            Transactions (ED10, proposed
            international public sector
            accounting standard)

A 7/16/00  Inventories (ED11, proposed      11/30/00
            international public
            sector accounting standard)

A 7/16/00  Construction Contracts (ED12,    11/30/00
            proposed international
            public sector accounting
            standard)

A 7/16/00  Financial Reporting in           11/30/00
            Hyperinflationary
            Economics (ED13, proposed
            international public
            sector accounting standard)

A 7/16/00  Property, Plant and Equipment   11/30/00
            (ED14, proposed
            international public sector
            accounting standard)

A 7/16/00  Leases (ED15, proposed          11/30/00
            international public
            sector accounting standard)

IFAC
A 7/16/00  Corporate Governance in the     11/30/00
            Public Sector:
            A Governing Body Perspective
            (proposed international
            public sector study)

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

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

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

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

3/1/99     Assurance Engagements             7/31/00
            (proposed international
            standard on auditing)
ISB
2/00       A Conceptual Framework for        5/31/00
            Auditor 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     8/10/00
            and Technical Amendments
            to Accounting Standards
            for Direct Loans and Loan
            Guarantees in Statement of
            Federal Financial
            Accounting Standards no. 2
            and no. 18

A 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.