Exposure drafts outstanding. (Official Literature).

Exposure Drafts Outstanding

(This list was compiled as of July 1, 2003. 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

6/10/03    Qualifying Special-Purpose Entities and             7/31/03
           Isolation of Transferred Assets--an amendment
           of FASB Statement No. 140

2/20/03    Accounting for Real Estate Time-Sharing             4/30/03
           Transactions--an amendment of FASB Statements
           No. 66 and 67

7/10/01    Accounting in Interim and Annual Financial         11/15/01
           Statements for Certain Costs and Activities
           Related to Property, Plant, and Equipment--an
           amendment of APB Opinions No. 20 and 28 and
           FASB Statements No. 51 and 67 and a rescission
           of FASB Statement No. 73

10/27/00   Proposed Amendment to FASB Concepts Statement       3/31/01
           No. 6 to Revise the Definition of Liabilities,
           an Amendment of FASB Concepts Statement No. 6

10/27/00   Accounting for Financial Instruments with           3/31/01
           Characteristics of Liabilities, Equity, or Both

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

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

AcSEC (AICPA)

3/14/03    Proposed Statement of Position, Accounting by       5/14/03
           Insurance Enterprises for Deferred Acquisition
           Costs on Internal Replacements Other Than Those
           Specifically Described in FASB Statement No. 97

2/20/03    Proposed Statement of Position, Accounting          4/30/03
           for Real Estate Time-Sharing Transactions

12/17/02   Proposed Statement of Position, Clarification of    3/31/03
           the Scope of the Audit and Accounting Guide
           Audits of Investment Companies and Accounting
           by Parent Companies and Equity Method Investors
           for Investment in Investment Companies

7/31/02    Proposed Statement of Position, Accounting and     10/31/02
           Reporting by Insurance Enterprises for Certain
           Nontraditional Long-Duration Contracts and for
           Separate Accounts

6/14/02    Proposed Statement of Position Accounting for       8/13/02
           Derivative Instruments and Hedging Activities by
           Not-for-Profit Health Care Organizations, and
           Clarification of the Performance Indicator

6/29/01    Accounting for Certain Costs and Activities        11/15/01
           Related to Property, Plant, and Equipment

12/30/98   Accounting for Discounts Related to Credit          4/29/99
           Quality

ASB (AICPA)

3/18/03    Proposed Statement on Auditing Standards,           5/30/03
           Communication of Internal Control Related
           Matters Noted in an Audit

3/18/03    Proposed Statements on Auditing Standards and       5/15/03
           Statement on Standards for Attestation
           Engagements Related to Internal Control:
           Auditing an Entity's Internal Control Over
           Financial Reporting in Conjunction With the
           Financial Statement Audit; Amendment to
           Statement on Auditing Standards No.

           100, Interim Financial Information; and
           Reporting on an Entity's Internal Control
           over Financial Reporting *

4/1/03     Proposed Statement on Auditing Standards,           5/15/03
           Sarbanes-Oxley Onmibus Statement on
           Auditing Standards **

12/2/02    Proposed Statements on Auditing Standards:          4/30/03
           Amendment to Statement on Auditing Standards
           No. 95, Generally Accepted Auditing Standards;
           Audit Evidence; Audit Risk and Materiality in
           Conducting an Audit; Planning and Supervision;
           Understanding the Entity and Its Environment
           and Assessing the Risks of Material
           Misstatement; Performing Audit Procedures in
           Response to Assessed Risks and Evaluating the
           Audit Evidence Obtained; and Amendment to
           Statement on Auditing Standards No. 39, Audit
           Sampling

OTHER (AICPA)

6/19/03    Proposed Statement of Position, Allowance for       9/19/03
           Credit Losses

5/30/03    Proposed Revisions to the AICPA Standards for        8/8/03
           Performing and Reporting on Peer Reviews

6/3/03     Proposed AICPA/CIPA Privacy Framework               8/31/03

11/15/02   Proposed Tax Standards Interpretation 1-2, "Tax     4/30/03
           Planning," of Statement on Standards for Tax
           Services No. 1, Tax Return Positions

12/1/01    Proposed Statement on Responsibilities for          1/31/02
           Litigation Services No. 1

11/1/01    AICPA/NASBA Uniform Accountancy Act and            12/31/01
           Uniform Accountancy Act Rules

3/7/01     Statement on Standards for Continuing                8/1/01
           Professional Education Programs

SEC

6/17/02    Additional Form 8-K Disclosure Requirements         8/26/02
           and Acceleration of Filing Date; Release Nos.
           33-8106, 34-46084

6/26/02    Framework for Enhancing the Quality of               9/3/02
           Financial Information Through improvement of
           Oversight of the Auditing Process; Release Nos.
           33-8109; 34-46120; 35-27543; IA-2039; IC-25624

5/10/02    Disclosure in Management's Discussion and           7/19/02
           Analysis about the Application of Critical
           Accounting Policies (Release Nos. 33-8098;
           34-45907)

4/12/02    Form 8-K Disclosure of Certain Management           6/24/02
           Transactions; Release No. 33-8090

4/12/02    Form 8-K Disclosure of Certain Management           6/24/02
           Transactions; Release No. 34-45742

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

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

GASB

2/14/03    Accounting and Financial Reporting by Employers     4/30/03
           for Postemployment Benefits Other Than Pensions

2/14/03    Financial Reporting for Postemployment Benefit      4/30/03
           Plans Other Than Pension Plans

12/13/02   Accounting and Financial Reporting for              2/28/03
           Impairment of Capital Assets and for Insurance
           Recoveries

IFAC

5/27/03    Proposed ISQC 1 "Quality Control for Audit,         8/31/03
           Assurance and Related Services Practices" and
           Proposed Revised ISA 220 "Quality Control for
           Audit Engagements"

4/28/03    Subject Areas: Revision to the requirements         7/31/03
           proposed in Content of Professional Education
           Programs

4/6/03     Assurance Engagements--Proposed "International      6/30/03
           Framework for Assurance Engagements" Proposed
           ISAE 2000 "Assurance Engagements on Subject
           Matters Other Than Historical Financial
           Information" and Proposed Withdrawal of ISA 120
           "Framework of International Standards on
           Auditing," To Replace International Standard
           on Assurance Engagements 100 "Assurance
           Engagements"

4/4/03     The Special Considerations in the Audit of Small    6/30/03
           Entities, Proposed Amendments to International
           Auditing Practice Statement 1005

11/15/02   Terms of Reference, Preface to the International    2/28/03
           Standards on Quality Control, Auditing,
           Assurance and Related Services, and Operations
           Policy No. 1--Bold Type Lettering

10/24/02   Audit Risk: Proposed International Standards on     3/31/03
           Auditing and Proposed Amendment to ISA 200,
           Objective and Principles Governing an Audit of
           Financial Statements

10/15/02   Reporting on Compliance with International          1/15/03
           Financial Reporting Standards

IFAC

6/23/03    Review of Interim Financial Information             9/15/03
           Performed by the Auditor of the Entity

6/30/02    Assessment of Professional Competence (Proposed    12/31/02
           International Education Standard for
           Professional Accountants)

6/30/02    Content of Professional Education Programs         12/31/02
           (Proposed International Education Standard for
           Professional Accountants)

6/30/02    Experience Requirements (Proposed International    12/31/02
           Education Standard for Professional Accountants)

6/30/02    Professional Skills and General Education          12/31/02
           (Proposed International Education Standard for
           Professional Accountants)

6/30/02    Professional Values and Ethics (Proposed           12/31/02
           International Education Standard for
           Professional Accountants)

5/02       Guiding Principles for International Education      9/30/02
           Statements

6/02       Introduction to International Education            12/31/02
           Standards for Professional Accountants

6/02       Entry Requirements (Proposed International         12/31/02
           Education Standard for Professional Accountants)

6/02       Continuing Professional Education and              12/31/02
           Development (Proposed International Education
           Guideline for Professional Accountants)

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

FASAB

4/21/03    Accounting for Fiduciary Activities                 7/31/03

PCAOB

At the present time PCAOB exposure drafts have very short comment
periods. A list of outstanding PCAOB exposure drafts is available
online at www.pcaobus.org.

New additions appear in bold type.

* This exposure draft has been submitted to the Public Company
Accounting Oversight Board for its consideration as Professional
Auditing Standards.

** This exposure draft will be submitted to the Public Company
Accounting Oversight Board for its consideration as Professional
Auditing Standards.

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, PO. 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, PO. 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.

IASB--International Accounting Standards Board (International Accounting Standards Board, 30 Cannon Street, London EC4M 6XH, United Kingdom), also available online at www.iasb.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

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 6814, Washington, DC 20548); also available online at www.fasab.gov

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.gov

PCAOB--Public Company Accounting Oversight Board, 1666 K Street, N.W., Washington, DC 20006-2803; [e-mail]

AICPA TECHNICAL HOTLINE

The Technical Information Service answers inquiries about specific audit or accounting problems. Call toll-free 1-888-777-7077 or e-mail query to [e-mail]. 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.