Exposure drafts outstanding.
Exposure Drafts Outstanding
(This list was compiled as of February 1, 2005. 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
12/15/03 Earnings per Share--an amendment of FASB 4/13/04
Statement No. 128
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
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)
11/29/04 Proposed Statement of Position, Accounting by 1/7/05
Insurance Enterprises for Deferred Acquisition
Costs on Internal Replacements
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
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)
1/12/05 Proposed Statement on Auditing Standards: 5/15/05#
Audit Documentation#
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 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
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
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 Companies; 6/7/04
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 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
12/10/04 Accounting for Termination Benefits 3/11/05
6/23/04 Communication Methods 9/30/04
IFAC
11/9/04 International Guidelines on Environmental 2/28/05
Management Accounting (EMA)
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 Auditors 3/31/04
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
7/18/03 Proposed Revised Code of Ethics for Professional 11/30/03
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
GAO
10/6/04 Guidance on GAGAS Requirements for 11/30/04
Continuing Professional Education
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.
* This exposure draft has been submitted to the Public Company
Accounting Oversight Board for its consideration as auditing and
attestation standards.
Note: New additions indicated with #.
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 See parenthesis. parentheses - See left parenthesis, right parenthesis. (unless otherwise indicated). FASB--Financial Accounting Standards Board The role of the Accounting Standards Board (ASB) is to issue accounting standards in the United Kingdom. It is recognised for that purpose under the Companies Act 1985. It took over the task of setting accounting standards from the Accounting Standards Committee (ASC) in 1990. (Order Department, Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). , 401 Merritt Merritt is the name of several places in North America:
1 City (1990 pop. 94,279), Los Angeles co., S Calif.; settled in the 1850s, inc. 1957. With the arrival (1875) of the Southern Pacific RR, it became a center for the dairy and logging industries, but , CT 06856-5116); also available online at www.fasb.org See .org. (networking) org - The top-level domain for organisations or individuals that don't fit any other top-level domain (national, com, edu, or gov). Though many have .org domains, it was never intended to be limited to non-profit organisations. RFC 1591. GASB--Governmental Accounting Standards Board (Order Department, Governmental Accounting Standards Board The Governmental Accounting Standards Board (GASB) is currently the source of generally accepted accounting principles (GAAP) used by State and Local governments in the United States of America. , 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 With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. , Harborside har·bor·side n. The area adjacent to a harbor. Financial Center, 201 Plaza For the hotel in New York City, see . Plaza (IPA /'plaθa/ or /'plasa/ Three, Jersey City, NJ 07311-3881). AICPA AICPA See American Institute of Certified Public Accountants (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  An editor has expressed concern that this article or section is .Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and , 30 Cannon Street Cannon Street is a road in the south of the City of London. It runs roughly parallel with the River Thames, and about 250 metres north of it. It is the site of the ancient London Stone. , London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. EC4M 6XH, United Kingdom), also available online at www.iasb.org.uk IFAC--International Federation of Accountants (International Federation of Accountants  The external links in this article or section may require cleanup to comply with Wikipedia's content policies. , 545 Fifth Avenue, 14th Floor, New York New York, state, United StatesNew York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10017); also available online at www.ifac.org SEC--Securities and Exchange Commission (Securities and Exchange Commission, 450 5th Street, N.W., Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. , DC 20549); also available online at www.sec.gov See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. FASAB--Federal Accounting Standards Advisory Board (Federal Accounting Standards Advisory Board The Federal Accounting Standards Advisory Board (FASAB) is a United States federal advisory committee whose mission is to develop generally accepted accounting principles for federal financial reporting entities. , 441 G Street, N.W., Suite 6814, Washington, DC 20548); also available online at www.fasab.gov GAO--U.S. Government Accountability Office The Government Accountability Office (GAO) is the audit, evaluation, and investigative arm of the United States Congress, and thus an agency in the Legislative Branch of the United States Government. (Government Auditing Standards Comments, Marcia Marcia can refer to:
PCAOB--Public Company Accounting Oversight
Oversight may refer to:
AICPA TECHNICAL HOTLINE 1. (company) Hotline - Hotline Communications Ltd.. 2. (messaging) Hotline - Hotline Connect. The Technical Information Service answers inquiries about specific audit or accounting problems. Call toll-flee 888-777-7077 or e-mail query To interrogate a collection of data such as records in a database. The term may also be used to search a single file or collection of files such as HTML files on the Web. However, in addition to obtaining lists of records that match the search criteria, queries to a database allow for to aahotline@aicpa.org. This service is free to AICPA members. |
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