Exposure drafts outstanding.
Issue Comment Date Title or Description Deadline FASB 12/15/03 Inventory Costs--an amendment of ARB No. 43, 4/13/04 Chapter 4 12/15/03 Earnings per Share--an amendment of FASB 4/13/04 Statement No. 128 12/15/03 Exchanges of Productive Assets--an amendment of 4/13/04 APB Opinion No. 29 12/15/03 Accounting Changes and Error Corrections--a 4/13/04 replacement of APB Opinion No. 20 and FASB Statement No. 3 6/10/03 Qualifying Special-Purpose Entities and Isolation 7/31/03 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 No. 3/31/01 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) 6/19/03 Proposed Statement of Position, Allowance for 9/19/03 Credit Losses 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 for 4/30/03 Real Estate Time-Sharing Transactions 12/17/03 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 6/29/01 Accounting for Certain Costs and Activities 11/15/01 Related to Property, Plant and Equipment 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 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 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 ARSC (AICPA) 12/11/03 Proposed Statement on Standards for Accounting 4/11/04 and Review Services, Performance of Review Engagements 12/11/03 Proposed Statement on Standards for Accounting 4/11/04 and Review Services, Standards for Accounting and Review Services OTHER (AICPA) 5/30/03 Proposed Revisions to the AICPA Standards for 8/8/03 Performing and Reporting on Peer Reviews 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 Uniform 12/31/01 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 Requierements 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. 33-8109; 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 12/31/03 Proposed Technical Bulletin No. 2003-b, Tobacco 3/2/04 Settlement Recognition and Financial Reporting Entity Issues 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 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 IFAC 11/11/03 Revision to Code of Ethics for Professional 2/15/04 Accountants 10/30/03 Continuing Professional Development: A Program of 12/31/03 Lifelong Learning and Continuing Development of Professional Competence 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 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 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 IFAC 10/15/02 Reporting on Compliance with International 1/15/03 Financial Reporting Standards 6/23/03 Review of Interim Financial Information Performed 9/15/03 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 Standards 12/31/02 for Professional Accountants 6/02 Entry Requirements (Proposed International 12/31/02 Education Standard for Professional Accountants) 6/02 Continuing Professional Education and Development 12/31/02 (Proposed International Education Guideline for Professional Accountants) FASAB 10/16/03 Identifying and Reporting on Earmarked Funds 12/17/03 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 comment periods. A list of outstanding PCAOB exposure drafts is available online at www.pcaobus.org.
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). 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#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; firstname.lastname@example.org
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 email@example.com. 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.
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|Publication:||Journal of Accountancy|
|Date:||Feb 1, 2004|
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