Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was compiled as of March 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
2/20/03     Accounting for Real Estate Time-Sharing            4/30/03
            Transactions--an amendment of FASB
            Statements No. 66 and 67

5/1/02      Amendment of Statement 133 on Derivative            7/1/02
            Instruments and Hedging Activities

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    Accounting for Financial Instruments With          3/31/01
            Characteristics of Liabilities, Equity, or Both

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

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)
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      3/31/03
            of 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        10/31/02
            and Reporting by Insurance Enterprises
            for Certain Nontraditional Long-Duration
            Contracts and for Separate Accounts

6/14/02     Proposed Statement of Position Accounting          8/13/02
            for 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)
12/2/02     Proposed Statements on Auditing Standards:         4/30/03
            Amendment to Statement on Auditing Standards

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

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

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

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

SEC
10/22/02    Disclosure Required by Sections 404, 406          11/29/02
            and 407 of the Sarbanes-Oxley Act of 2002;
            Release Nos. 34-46701; 1C-25775

10/18/02    Improper Influence on Conduct of Audits;          11/25/02
            Release No. IC-25773

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

6/17/02     Certification of Disclosure in Companies'          8/19/02
            Quarterly and Annual Reports; Release
            No. 34-46079

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

4/12/02     Acceleration of Periodic Report Filing Dates       5/23/02
            and Disclosure Concerning Website Access to
            Reports

SEC
4/12/02     Exemption for Certain Investment Advisers           6/6/02
            Operating Through the Internet; Release
            No. IA-2028

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             4/30/03
            Benefit Plans Other Than Pension Plans

12/13/02    Budgetary Comparison Schedules--Perspective        2/28/03
            Differences (an amendment of GASB Statement
            No. 34)

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

IFAC
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

6/30/02     Assessment of Professional Competence             12/31/02
            (Proposed 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)

IFAC
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
11/26/02    Proposed Interpretation of Federal Financial        1/8/03
            Accounting Standards: Accounting for Imputed
            Intra-Departmental Costs: an Interpretation of
            SFFAS No. 4

3/19/02     Target Audience and Qualitative Characteristics    6/30/02
            for the Consolidated Financial Report of the
            United States Government

3/19/02     Selected Standards for the Consolidated            6/30/02
            Financial Report of the United States
            Government

2/19/02     Reclassification of Stewardship Responsibilities   5/20/02
            and Eliminating the Current Services Assessment

GAO
1/25/02     Government Auditing Standards--2002 Revision       4/30/02

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.

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

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.