Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was compiled as of March 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          4/13/04
             No. 43, Chapter 4

12/15/03    Earnings per Share--an antendruent of         4/13/04
             FASB Statement No. 128

12/15/03    Exchanges of Productive Assets--an           4/13/04
             amendment of APB Opinion No. 29

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

6/10/03     Qualifying Special-Purpose Entities           7/31/03
             and 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            11/15/01
             Financial Statements for Certain Costs
             and Activites 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          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         3/31/01
             with Characteristics of Liabilities,
             Equity, or Both

12/14/99    Reporting financial instruments and          5/31/00
             Certain Related Assets and Liabilities
             at Fair Value (preliminary views)

2/23/99     Consolidated Financial Statements:            5/24/99
             Purpose and policy

AcSEC (AICPA)

6/19/03     Proposed Statement of Position,               9/19/03
             Allowance for Credit Losses

3/14/03     Proposed Statement of Position,              5/14/03
             Accounting by Insurance Enterprises
             for Deferred Acquisition Costs on
             Internal Replacements Other Than Those
             Specifically Described in FASB
             Statement No. 77

2/20/03     Proposed Statement of Position,               4/30/03
             Accounting for Real Estate
             Time-Sharing Transactions

12/17/02    Proposed Statement of Position,              3/31/03
             Clarification 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             11/15/01
             Activities Related to Property, Plant,
             and Equipment

ASB (AICPA)
3/18/03     Proposed Statement on Auditing               5/30/03
             Standards, Communication of Internal
             Control Related Matters Noted in an
             Audit

3/18/03     Proposed Statements on Auditing               5/15/03
             Standards 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                5/15/03
             Standards, Sarbanes-Oxley Omnibus
             Statement on Auditing Standards*

12/2/02     Proposed Statement, on Auditing              4/30/03
             Standards: 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          4/11/04
             Accounting and Review Services,
             Performance of Review Engagements

12/11/03    Proposed Statement on Standards for           4/11/04
             Accounting and Review Services,
             Standards for Accounting and Review
             Services

OTHER       (AICPA)

5/30/03     Proposed Revisions to the AICPA               8/8/03
             Standards for Performing and Reporting
             on Peer Reviews

11/15/02    Proposed Tax Standards Interpretation         4/30/03
             1-2, "Tax Planning," of Statement on
             Standards for Tax Services No. 1, Tax
             Return Positions

12/1/01     Proposed Statement on Responsibilities       1/31/02
             for 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               8/26/02
             Requirements 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        7/11/02
             and Analysis about the Application of
             Critical Accounting Policies
            (Release Nos. 33-8098; 34-45907)

4/12/02     Form 8-K Disclosure of Certain               6/24/02
             Management Transactions; Release
             No. 33-8090

4/12/02     Form 8-K Disclosure of Certain               6/24/02
             Management Transaction; 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

1/30/04     (Revised Exposure Draft) Accounting and      4/30/04
             Financial Reporting by Employers for
             Postemployment BenefitsOther 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           11/28/03
             Statistical Section--an amendment of
             NCGA Statement 1

2/14/03     Financial Reporting for Postemployment       1/30/03
             Benefit Plans Other Than Pansion 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            6/30/04
             Governments

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           3/31/04
             Auditor's 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               2/15/04
             Professional Accountants

10/30/03    Continuing Professional Development: A      12/31/03
             Program 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         8/31/03
             Audit, Assurance and Related Services
             Practices" and Proposed Revised
             ISA 220 "Quality Control for Audit
             Engagements"

4/28/03     Subject Areas: Revision to the               7/31/03
             requirements 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 Engagemtns 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           2/28/13
             International Standards on QualityRelated
             Control, Auditing, Assurance and
             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                 1/15/03
             International 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           12/31/02
             Programs (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              12/31/02
             Education (Proposed International
             Education Standard for Professional
             Accountants)

6/30/02     Professional Values and Ethics              12/31/02
             (Proposed 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
             Standards for Professional Accountants

6/02        Entry Requirements (Proposed                12/31/02
             International 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      12/17/03
             Funds

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.

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). 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 of 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.