Exposure drafts outstanding.

(This list was compiled as of August 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.)

Exposure Drafts Outstanding

(This list was compiled as of August 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 Activitiesv
           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)

7/15/03    Proposed Statement of Position, Reporting            9/15/03
           Financial Highlights and Schedule of Investments
           by Nonregistered Investment Partnerships: An
           Amendment to the Audit and Accounting Guide
           Audits of Investment Companies and AICPA
           Statement of Position 95-2, Financial Reporting
           by Nonpublic Investment Partnerships
7/15/03    Proposed Statement of Position, Financial            9/15/03
           Highlights of Separate Accounts: An Amendment
           to the Audit and Accounting Guide Audits of
           Investment Companies
3/14/03    Proposed Statement ofPosirion, Accounting by         5/14/03
           Insurance Enterprises for Deterred Acquisition
           Costs on Internal Replacements Other Than Those
           Specifically Described in FASB Statement No. 97
2/20/03    Proposed Statement of Position, Accounting for       4/30/03
           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 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
12/311/98  Accounting for Discounts Belated 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 Engage-
           ments 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 Omnibus 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 Misstate-
           ment; 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/CICA 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 Pro-            8/1/01
           fessional Education Programs

SEC

6/17/02    Additional Form 8-K Disclosure Requirements and      8/26/02
           Acceleration of Filing Date; Release Nos. 33-
           8106, 34-46084
6/26/02    Framework for Enhancing the Quality of Financial      9/3/02
           Information Through Improvement of Oversight of
           the Auditing Process; Release Nos. 33-81119;
           34-46120; 35-27543; IA-2039; IC-25624

GASB

5/10/02    Disclosure in Management's Discussion and Ana-       7/19/02
           lysis 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. 34-5742
2/18/00    SEC Concept Release: International Accounting        5/23/00
           Standards
1/21/00    Supplementary Financial Information                  4/17/03
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 Impair-       2/28/03
           ment of Capital Assets and for Insurance
           Recoveries

IFAC

7/18/03    Proposed Revised Code of Ethics for Professional    11/30/03
           Accountants#
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 Professinnal 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 Infor-
           mation" and Proposed Withdrawal of ISA 120
           "Framework of International Standards on Audi-
           ting," 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
11/15/02   Terms of Reference, Preface to the International     2/28/03
           Standards on Quality Control, Auditing, Assu-
           rance and Related Services, and Operations
           Policy No. 1--Bold Type Lettering
10/24/02   Audit Risk: Proposed International Standards         3/31/03
           on Auditing and Proposed Amendment to ISA 200,
           Objective and Principles Governing an Audit of
           Financial Statements
10/15/112  Reporting on Compliance with International           1/15/03
           Financial Reporting Standards
6/23/03    Review of Interim Financial Information Per-         9/15/03
           formed by the Auditor of the Entity
6/30/02    Assessment of Professional Competence (Proposed     12/31/02
           International Education Standard for
           Professional Accountants)
6/30/12    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 Professio-
           nal Accountants)
5/02       Guiding Principles for International Education       9/30/02
           Statements
6/02       Introduction to International Education Stan-       12/31/02
           dards for Professional Accountants
6/02       Entry Requirements (Proposed International          12/31/02
           Education Standard for Professional Accountants)
6/02       Continuing Professional Education and Develop-      12/31/02
           ment (Proposed International Education Guide-
           line for Professional Accountants)
7/16/00    Impairment of Assets (public sector committee        1/30/01
           invitation to comment)
4/11/03    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.

* This exposure draft has been submitted to the Public Company
Accounting Oversight Board for its consideration as auditing and
attestation standards.

** This exposure draft will be submitted to the Public Company
Accounting Oversight Board for its consideration as auditing standards.

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.

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, 545 Fifth Avenue, 14th 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#com

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 an-inclusive but is intended to present the exposure drafts of particular interest to professional accountants.