Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was compiled as of September 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--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 far Certain Costs and Activities
               Related to Property, Plant, and Equipment--an
               amendment of APB Opinions No. 251 to 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 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

3/14/113       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 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

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

12/3(1/98      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 in Entity's Internal Control Over
               Financial Reporting in Conjunction With the
               Financial Statement Audit; Amendment to
               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 Mistatement; 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,       4/30/03
               "Tax 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. 33-81119; 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 Polities (Release No, 33-8098;
               34-15907)

4/12/02        Form 8-K Disclosure of Certain Management        6/24/02
               Transactions; Release Nos. 33-8090

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

SEC

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

1/21/11(1      Supplementary Financial Information              4/17/00

GASB

8/29/03"       Economic Condition Reporting: The Statistical   11/28/03
               Section--an amendment of NCGA Statement 1#

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

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

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

7/18/113       Proposed Revised Code of Ethics for             11/30/03
               Professional 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 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 Standards on Assurance
               Engagement 100 "Assurance Engagements"

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

11/15/02       Terms of Reference, Preface to the               2/28/03
               International 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      3/31/03
               on 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 Standards

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           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               12/31/02
               International 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        12/31/01
               International Education Standard for
               Professional Accountants)

5/02           Guiding Principles for International             9/30/02
               Education Statements                            12/31/02

6/02           Introduction to International Education
               Standards for Professional Accountants

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

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

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

FASAB

8/20/03#       Heritage Assets and Stewardship Land:           11/10/03
               Reclassification from Required Supplementary
               Stewardship Information#

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

FCAOB

At the present time PCAOB exposure drafts have very short comments
periods. A list for outstanding PCAOB exposure drafts is available
online it www.pcaubus.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.

Note: New additions appear in bold type indicated with #.