Exposure drafts outstanding.(This list was compiled as of October 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
9/30/05# Selected Issues Relating to Assets 1/3/06#
and Liabilities with Uncertainties#
9/30/05# Earnings per Share--an amendment of FASB 11/30/05#
Statement No. 128 (revision of Exposure
Draft issued 12/15/03)#
8/11/05# Accounting for Certain Hybrid Financial 10/10/05#
Instruments--an amendment of FASB Statements
No. 133 and 140#
8/11/05# Accounting for Servicing of Financial Assets-- 10/10/05#
an amendment of FASB Statement No. 140#
8/11/05# Accounting for Transfers of Financial Assets-- 10/10/05#
an amendment of FASB Statement No. 140#
7/14/05 Accounting for Uncertain Tax Positions--an 9/12/05
interpretation of FASB Statement No. 109
6/30/05 Business Combinations--a replacement of FASB 10/28/05
Statement No. 141
6/30/05 Consolidated Financial Statements, Including 10/28/05
Accounting and Reporting of Noncontrolling
Interests in Subsidiaries-a replacement of
ARB No. 51
4/28/05 The Hierarchy of Generally Accepted Accounting 6/27/05
Principles
6/23/04 Fair Value Measurements 9/7/04
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
12/17/02 Proposed Statement of Position, Clarification of 3/31/03
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)
9/1/05# Proposed Statement on Auditing Standards: 10/31/05#
Communication of Internal Control Related
Matters Noted in an Audit#
6/15/05 Proposed Statement on Auditing Standards: 8/15/05
Amendment to "Due Professional Care in the
Performance of Work" of Statement on Auditing
Standards No. 1, Codification of Auditing
Standards and Procedures; 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
5/9/05 Proposed Statement on Auditing Standards: 6/27/05
Amendment to Statement on Auditing Standards
No. 69, The Meaning of Present Fairly in
Conformity with Generally Accepted Accounting
Principles, for Nongovernmental Entities
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 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 *
OTHER (AICPA)
9/15/05# Proposal of Professional Ethics Division: 12/16/05#
Proposed Revision to "Other Considerations"
in Interpretation 101-1, Interpretation of
Rule 101, under Rule 101, and Proposed
Conceptual Framework for AICPA Independence
Standards#
9/15/05# Omnibus Proposal of Professional Ethics Division 12/16/05#
Interpretations and Rulings#
3/30/05 Proposed Statement on Standards for Valuation 9/30/05
Services: Valuation of a Business, Business
Ownership Interest, Security, or Intangible
Asset
9/20/04 XBRL US Financial Reporting Taxonomy Framework 11/19/04
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 5/23/05
Standards
1/21/00 Supplementary Financial Information 4/17/00
GASB
9/30/05# Sales and Pledges of Receivables and Future 12/30/05#
Revenues#
3/25/05 Accounting and Financial Reporting for Pollution 6/24/05
Remediation Obligations (preliminary views)
IFAC
9/23/05# Improvements to International Public Sector 1/31/06#
Accounting Standards#
9/23/05# Equal Authority of Paragraphs in IPSASs# 1/31/06#
4/15/05 Proposed International Education Standard for 7/15/05
Professional Accountants, "Competence
Requirements for Audit Professionals"
3/22/05 Proposed International Standard on Auditing 7/31/05
600 (Revised), "The Audit of Group Financial
Statements"
3/22/05 Proposed ISA 260 (Revised), "The Auditor's 7/31/05
Communication with Those Charged with
Governance"
3/22/05 Proposed ISA 705 and ISA 706, "Modifications to 7/31/05
the Opinion in the Independent Auditor's Report
and Emphasis of Matter Paragraphs and Other
Matters Paragraphs in the Independent Auditor's
Report"
2/4/05 Proposed International Public Sector Accounting 6/15/05
Standard, "Financial Reporting Under the Cash
Basis of Accounting--Disclosure Requirements for
Recipients of External Assistance"
12/20/04 Proposed ISA 320 (Revised), "Materiality in the 4/30/05
Identification and Evaluation of Misstatements"
12/20/04 Proposed ISA 540 (Revised), "Auditing Accounting 4/30/05
Estimates and Related Disclosures (Other than
Those Involving Fair Value Measurements and
Disclosures)"
11/9/04 International Guidelines on Environmental 2/28/05
Management Accounting (EMA)
10/5/04 Proposed Revised Code of Ethics for Professional 11/30/04
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
7/18/113 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
7/22/05 Technical Agenda Options 9/9/05
6/27/05 Accounting for Fiduciary Activities (Revised) 8/30/05
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.
Note: New additions appear in bold type 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 Sundards 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 Strect, 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; info@pcaobus.org 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 aahotline@aicpa.org. This service is free to AICPA members. |
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