Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was compiled as of April 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

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           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 with     3/31/01
                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: Purpose    5/24/99
                and Policy

AcSEC (AICPA)

11/29/04        Proposed Statement of Position, Accounting     1/7/05
                by Insurance Enterprises for Deferred
                Acquisition Costs on Internal Replacements

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

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

ASB (AICPA)

3/2/05#         Proposed Statement on Auditing Standards:     5/15/05#
                Defining Professional Requirements in
                Statements on Auditing Standards and
                Proposed Statement on Standards for
                Attestation Engagements: Defining
                Professional Requirements in Statements
                on Standards for Attestation Engagements#

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)

3/30/05#        Proposed Statement on Standards for           6/15/05#
                Valuation Services, Valuation of a
                Business, Business Ownership Interest,
                Security, or Intangible Asset#

3/18/05#        Proposed Statement on Standards for           6/10/05#
                Accounting and Review Services:
                Compilation of Specified Elements,
                Accounts or Items of a Financial Statement
                and Pro Forma Financial Information#

3/18/05#        Proposed Statement on Standards for           6/10/05#
                Accounting and Review Services:
                Restricting the Use of an Accountant's
                Compilation or Review Report#

3/18/05#        Proposed Statement on Standards for           6/10/05#
                Accounting and Review Services: Omnibus
                Statement on Standards for Accounting
                and Review Services--2005#

9/20/04         XBRL US Financial Reporting Taxonomy         11/19/04
                Framework

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            5/23/00
                Accounting Standards

1/21/00         Supplementary Financial Information           4/17/00

GASB

3/25/05#        Accounting and Financial Reporting for        6/24/05#
                Pollution Remediation Obligations
                (preliminary views)#

12/10/04        Accounting for Termination Benefits           3/11/05

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             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 ofEthics for Professional    2/15/04
                Accountants

7/18/03         Proposed Revised Code of Ethics for           11/30/03
                Professional Accountants

6/24/03         Proposed International Standard on            9/30/03
                Auditing: "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"

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 convnent
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 (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 file 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. Government Accountability 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.