Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was complied as of October 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                 Title or Description                Comment
Date                                                      Deadline

FASB

9/12/03    Employers' Disclosures about Pensions and      10/27/03
           Other Postretirement Benefits--an
           amendment of FASB Statements No. 87, 88
           and 106 and a replacement of FASB
           Statement No. 132

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 Concepts
           Statement No. 73

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

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:              5/24/99
           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

3/14/03    Proposed Statement of Position, Accounting      5/14/03
           by 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,                 3/31/03
           Clarification of the Scope of the Audits
           of Investment Companies and Accounting by
           Parent Companies and Equity Method Investors
           for Investment in Investment Companies

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       5/15/03
           and 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 Omnibus Statement on
           Auditing Standards*

12/2/02    Proposed Statement 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       9/19/03
           for Credit Losses

5/30/03    Proposed Revisions to the AICPA Standards        8/8/03
           for 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 No. 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 No. 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              5/23/00
           Accounting Standards

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

GASB

8/29/03    Economic Condition Reporting: The              11/28/03
           Statistical 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

GASB

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

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

IFAC

9/16/03    ED 23: Impairment of Assets--Proposed           1/31/04
           International Public Sector Accounting
           Standard

7/18/03    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                 6/30/03
           "International 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         6/30/03
           of 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              3/31/03
           Standards 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 Reporting 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          12/31/03
           (Proposed International Education Standard
           for Professional Accountants)

IFAC

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 & Ethics (Proposed         12/31/02
           International Education Standard for
           Professional Accountants)

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

6/02       Introduction to International Education        12/31/02
           Standard 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
           Guideline for Professional Accountants)

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

FASAB

9/5/03     Auditing Estimates for Direct Loan and          10/5/03
           Loan Guarantee Subsidies under the Federal
           Credit Reform Act (Amendments to Technical
           Release 3: Preparing and Auditing Direct
           Loan Guarantee Subsidies under the Federal
           Credit Reform Act)

9/5/03     Preparing Estimates for Direct Loan and         10/5/03
           Loan Guarantee Subsidies under the Federal
           Credit Reform Act (Amendments to Technical
           Release 3: Preparing and Auditing Direct
           Loan and Loan Guarantee Subsidies under the
           Federal Credit Reform Act)

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

PCAOB

At the present time PCAOB exposure drafts have very short comments
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 auditing and
attestation 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,
           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.orp. 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#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 its intended to
present the exposure drafts of particular interest to professional
accountants.