Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was compiled as of November 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. The list is not all-inclusive but is intended to
present the exposure drafts of particular interest to professional
accountants.)

Issue                                                           Comment
Date        Title or Description                               Deadline

FASB
6/23/04     Fair Value Measurements                              9/7/04
6/17/04     Accounting for Conditional Asset Retirement          8/1/04
            Obligations--an interpretation of FASB
            Statement No. 143
3/31/04     Share-Based Payment--an amendment of FASB           6/30/04
            Statements No. 123 and 95
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
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          5/24/99
            and 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          4/30/03
            for 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

ASB (AICPA)
3/5/04      Proposed Statement of Position, Auditing the         4/2/04
            Statement of Social Insurance
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

OTHER (AICPA)
9/20/04     XBRL US Financial Reporting Taxonomy               11/19/04
            Framework
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
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
4/15/04     Use of Form S-8 and Form 8-K by Shell                6/7/04
            Companies; Release No. 34-49566
3/11/04     First-Time Application of International             4/19/04
            Financial Reporting Standards; Release Nos.:
            33-8397; 34-49403; International Series
            Release No. 1274 (See Correction 3/18/04;
            Release Nos. 33-8397A; 34-49403A;
            International Series Release No. 1274A)
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
10/12/04#   Recognition of Pension and Other                  11/12/04#
            Postemployment Benefit Expenditures/
            Expenses and Liabilities (Proposed Technical
            Bulletin No. 2004-a)#
6/30/04     Net Assets Restricted by Enabling                   8/31/04
            Legislation--an amendment of GASE Statements
            No. 34 and No. 44
6/23/04     Communication Methods                               9/30/04

IFAC
10/5/04#    Proposed Revised Code of Ethics for               11/30/04#
            Professional Accountants#
9/23/04#    Policy Statement, "Clarifying Professional        12/31/04#
            Requirements in International Standards" and
            Consultation Paper, "Improving the Clarity
            and Structure of IAASB Standards and Related
            Considerations for Practice Statements"#
9/23/04#    ISA 230 (Revised), "Audit Documentation"           1/31/05#
            and amendments to ISA 330, "The Auditor's
            Procedures in Response to Assessed Risks" and
            ISQC 1, "Quality Control for Firms that
            Perform Audits and Reviews of Historical
            Financial and Other Assurance and Related
            Services Engagements"#
7/14/04     Preface to the International Standards on          10/15/04
            Quality Control, Auditing, Assurance and
            Related Services--IAASB Due Process and
            Working Procedures
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
            Accountants                                         2/15/04
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
6/24/03     Proposed International Standard on Auditing:        9/30/03
            "Review of Interim Financial Information
            Performed by the Auditor of the Entity"

FASAB
4/26/04     Inter-Entity Cost Implementation: Amending          7/31/04
            SFFAS 4, "Managerial Cost Accounting
            Standards and Concepts"
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.

New additions appear in bold type.

Note: New additions appear indicated with # 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). 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

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 888-777-7077 or e-mail query to [e-mail]. This service is free to AICPA members.