Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was compiled as of February 1, 2004. 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

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      4/13/04
            of APB Opinion No. 29

12/15/03    Accounting Changes and Error Corrections--        4/13/04
            a replacement of APB Opinion No. 20 and FASB
            Statement No. 3

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 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)

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

12/17/02    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

6/29/01     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,        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. 33-8109; 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

1/30/04#    (Revised Exposure Draft) Accounting and          4/30/04#
            Financial Reporting by Employers for
            Postemployment Benefits Other Than Pensions#

12/31/03    Proposed Technical Bulletin No. 2003-b,            3/2/04
            Tobacco 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     Financial Reporting for Postemployment Benefit    4/30/03
            Plans Other Than Pension Plans

IFAC

1/20/04#    Revenue from Non-Exchange Transactions           6/30/04#
            (Including Taxes and Transfers)#

1/20/04#    Accounting for Social Policies of Governments#   6/30/04#

12/23/03#   ISA 600 (Revised), "The Work of Related          3/31/04#
            Auditors and Other Auditors in the Audit of
            Group Financial Statements" and IAPS, "The
            Audit of Group Financial Statements"#

12/22/03    ISA700 (Revised), "The Independent Auditor's      3/31/04
            Report on a Complete Set of General Purpose
            Financial Statements" ISA 200, "Objective and
            General Principles Governing an Audit of
            Financial Statements" Amendment to ISA 210,
            "Terms of Audit Engagements" Conforming
            Amendments

11/11/03    Revision to Code of Ethics for Professional       2/15/04
            Accountants

10/30/03    Continuing Professional Development: A Program   12/31/03
            of 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              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 Engagement," 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        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 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            12/31/02
            (Proposed International Education Standard for
            Professional Accountants)

6/30/02     Content of Professional Education Program        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         12/31/02
            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)

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.

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

New additions appear in bold type.

Note: New additions is indicated with #.

INFORMATION

The initials stand for the following organizations. Exposure drafts are available online at the Web addresses below of 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 8116, 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 06850-5116); 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; [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 is intended to present the exposure drafts of particular interest to professional accountants.