Exposure drafts outstanding.

(This list was compiled as of October 1, 2000. 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

6/30/00    Accounting for the Impairment or Disposal       10/13/00
           of Long-Lived Assets and for Obligations
           Associated with Disposal Activities

2/17/00    Accounting for Obligations Associated with       5/18/00
           the Retirement of Long-Lived Assets

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

9/7/99     Business Combinations and Intangible Assets      12/7/99

8/11/99    Classification and Measurement of Financial      9/25/99
           Assets Securitized Using a Special-Purpose
           Entity (proposed technical bulletin)

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

8/21/90    Distinguishing Between Liability and Equity     12/31/90
           Instruments With Characteristics of Both
           (discussion memorandum)

AcSEC (AICPA)

8/15/00    Proposed Statement of Position:                 11/15/00
           Amendment to Scope of SOP 95-2,
           Financial Reporting by Nonpublic Investment
           Partnerships, to Include Commodity Pools

5/30/00    Accounting by Certain Financial Institutions     8/31/00
           and Entities That Lend to or Finance the
           Activities of Others (an amendment of
           existing AICPA audit and accounting guides)

4/3/00     Proposed Statement of Position: Accounting        6/5/00
           by Insurance Enterprises for Demutualizations
           and Formations of Mutual Insurance Holding
           Companies and for Certain Long-Duration
           Participating Contracts

3/22/00    Proposed Statement of Position: Accounting       6/22/00
           for and Reporting of Certain Health and
           Welfare Benefit Transactions (amendment to
           Audit and Accounting Guide, Audits of
           Employee Benefit Plans, and SOP 92-6)

12/30/98   Proposed Statement of Position: Accounting       4/29/99
           for Discounts Belated to Credit Quality

ASB (AICPA)

5/1/00     Proposed Statement on Auditing Standards,        6/30/00
           Omnibus Statement on Auditing Standards--2000

4/14/00    Proposed Statement on Standards for              6/15/00
           Attestation Engagements: Attestation
           Standards: Revision and Recodification

6/10/99    Proposed Statement on Auditing Standards:       11/10/99
           Auditing Financial Instruments (to supersede
           SAS no. 81, Auditing Investments)

Other (AICPA)

8/15/00    WebTrust Program for On-line Privacy             9/30/00

4/18/00    Proposed Statements on Standards for Tax         7/18/00
           Services and Interpretation

4/15/00    Omnibus Proposal of Professional Ethics          6/15/00
           Division Interpretations and Rulings

12/31/99   Proposed Statement on Standards for               6/9/00
           Accounting and Review Services: Financial
           Statements Included in Written Business
           Valuations

5/17/99    Proposed Revisions to the AICPA Standards        8/10/99
           for Performing and Reporting on Peer Reviews

9/22/98    Proposed Audit and Accounting Guide:            12/22/98
           Audits of Investment Companies

SEC

6/30/00    Revision of the Commission's Auditor             9/25/00
           Independence Requirements

2/18/00    SEC Concept Release: International
           Accounting Standards

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

12/4/98    The Regulation of Securities Offerings           6/30/99

GASB

6/30/00    Certain Financial Statement Note Disclosures     9/29/00

12/9/94    The Financial Reporting Entity: Affiliated       2/28/95
           Organizations

IASC

7/3/00     E66, Proposed Limited Revisions to IAS 39        9/10/00
           and Other Related Standards

7/3/00     E67, Pension Plan Assets                         9/10/00

7/3/00     E68, Income Tax Consequences of Dividends        9/10/00

7/31/99    Agriculture                                      1/31/00

IFAC

8/00       Auditing Derivative Financial Instruments       11/30/00
           (proposed international auditing practices
           committee)

7/16/00    Impairment of Assets (public sector              1/30/01
           committee invitation to comment)

7/16/00    Revenue from Exchange Transactions              11/30/00
           (ED10, proposed international public sector
           accounting standard)

7/16/00    Inventories (ED11, proposed international       11/30/00
           public sector accounting standard)

7/16/00    Construction Contracts (ED12, proposed          11/30/00
           international public sector accounting
           standard)

7/16/00    Financial Reporting in Hyperinflationary        11/30/00
           Economics (ED13, proposed international
           public sector accounting standard)

7/16/00    Property, Plant and Equipment (ED14,            11/30/00
           proposed international public sector
           accounting standard)

7/16/00    Leases (ED15, proposed international public     11/30/00
           sector accounting standard)

IFAC

7/16/00    Corporate Governance in the Public Sector:      11/30/00
           A Governing Body Perspective (proposed
           international public sector study)

6/15/00    Independence (proposed changes to the Code       9/15/00
           of Ethics for Professional Accountants)

5/24/00    Financial Reporting under the Cash Basis        11/30/00
           of Accounting (ED 9, proposed statement
           of international public sector accounting)

3/00       CIS Environments (proposed international         7/31/00
           auditing practice statements)

3/00       Fraud and Error (proposed international          6/30/00
           standard on auditing)

ISB

2/00       A Conceptual Framework for Auditor               5/31/00
           Independence (Discussion Memorandum,
           DM 00-1)

GAO

4/14/00    Government Auditing Standards:                   6/30/00
           Independence (preliminary views)

FASAB

5/10/00    Credit Program Reconciliation and                8/10/00
           Technical Amendments to Accounting
           Standards for Direct Loans and Loan
           Guarantees in Statement of Federal Financial
           Accounting Standards no. 2 and no. 18

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).
          As of May 1, 2000, AICPA Publishes exposure drafts
          exclusively on the Web site at www.aicpa.org. Print
          copies are not available.

IASC--    International Accounting Standards Committee
          (International Accounting Standards Committee, 166 Fleet
          Street, London EC4A 2DY, England); also available online
          at www.iasc.org.uk

IFAC--    International Federation of Accountants (International
          Federation of Accountants, 535 Fifth Avenue, 26th Floor,
          New York, NY 10017); also available online at
          www.ifac.org

ISB--     Independence Standards Board (6th Floor,
          1211 Avenue of the Americas, New York, NY 10036-8775);
          also available online at www.cpaindependence.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 3B18, Washington, DC 20548); also available online
          at www.financenet.gov/fasab.htm

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.org

AICPA TECHNICAL HOTLINE

The Technical Information Service answers inquiries about specific audit or accounting problems. Call toll-free: 1-888-777-7077. 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.