Exposure drafts outstanding.

(This list was compiled as of October 1, 2002. 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
6/28/02     Consolidation of Certain Special-Purpose            8/30/02
            Entities--an interpretation of ARB No. 51
5/22/02     Guarantor's Accuunting and Disclosure               6/21/02
            Requirements for Guarantees, Including
            Indirect Guarantees of Indebtedness of
            Others--an interpretation of FASB
            Statements No. 5, 57, and 107
5/1/02      Amendment of Statement 133 on Derivative             7/1/02
            Instruments and Hedging Activities
7/10/01     Accounting in Interim and Annual Financial         11/15/01
            Statements for Certain Costs and Activities
            Related to Property, Plant, and Equipment--
            an amendment of APB Opinions No. 20 and
            28 and FASB Statements No. 51 and 67 and
            a rescission of FASB Statement No. 73
10/27/00    Accounting for Financial Instruments With           3/31/01
            Characteristics of Liabilities, Equity, or Both
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
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)
7/31/02     Proposed Statement of Position, Accounting         10/31/02
            and Reporting by Insurance Enterprises
            for Certain Nontraditional Long-Duration
            Contracts and for Separate Accounts
6/14/02     Proposed Statement of Position Accounting           8/13/02
            for Derivative Instruments and Hedging
            Activities by Not-for-Profit Health Care
            Organizations, and Clarification of the
            Performance Indicator
6/29/01     Accounting for Certain Costs and Activities        11/15/01
            Related to Property, Plant, and Equipment
11/21/00    Accounting for Investors' Interests in              4/15/01
            Unconsolidated Real Estate Investments
12/30/98    Accounting for Discounts Related to                 4/29/99
            Credit Quality

ASB (AICPA)
7/26/02     Proposed Statement on Auditing Standards,           9/26/02
            Interim Financial Information
6/28/02     Proposed Statement on Auditing Standards            8/28/02
            Auditing Fair Value Measurements and
            Disclosures
5/15/02     Proposed Statement on Quality Control               6/30/02
            Standards, Amendment to SQCS No. 2,
            System of Quality Control for a CPA Firm's
            Accounting and Auditing Practice
5/15/02     Proposed Statement on Auditing Standard             6/30/02
            and Proposed Statement on Standards for
            Attestation Engagements, Omnibus--2002
2/28/02     Proposed Statement on Auditing Standards,           5/31/02
            Consideration of Fraud in a Financial
            Statement Audit

OTHER (AICPA)
8/1/02      Proposed Statement on Standards for                 10/1/02
            Accounting and Review Services,
            Omnibus--2002
6/17/02     Omnibus Proposal of Professional Ethics             8/17/02
            Division Interpretations and Rulings
7/1/02      Trust Services Principles and Criteria              8/15/02
12/1/01     Proposed Statement on Responsibilities              1/31/02
            for Litigation Services No. 1
11/1/01     AICPA/NASBA Uniform Accountancy Act                12/31/01
            and Uniform Accountancy Act Rules
3/7/01      Statement on Standards for Continuing                8/1/01
            Professional Education Programs

SEC
6/17/02     Additional Form 8-K Disclosure                      8/26/02
            Requirements and Acceleration of
            Filing Date; Release Nos. 33-8106, 34-46084
6/17/02     Certification of Disclosure in Companies'           8/19/02
            Quarterly and Annual Reports; Release
            No. 34-46079
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

SEC
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
4/12/02     Acceleration of Periodic Report Filing Dates        5/23/02
            and Disclosure Concerning Website Access to
            Reports
4/12/02     Exemption for Certain Investment Advisers            6/6/02
            Operating Through the Internet; Release
            No. IA-2028
2/18/00     SEC Concept Release: International Accounting       5/23/00
            Standards
1/21/00     Supplementary Financial Information                 4/17/00

GASB
6/28/02     Deposit and Investment Risk Disclosures--           9/27/02
            an amendment of GASB Statement No. 3

IFAC
6/30/02     Assessment of Professional Competence              12/31/02
            (Proposed International Education Standard
            for Professional Accountants)
6/30/02     Content of Professional Education Programs         12/31/02
            (Proposed International Education Standard
            for Professional Accountants)
6/30/02     Experience Requirements (Proposed                  12/31/02
            International Education Standard for
            Professional Accountants)
6/30/02     Professional Skills and General Education          12/31/02
            (Proposed International Education Standard
            for Professional Accountants)

IFAC
6/30/02     Professional Values and Ethics (Proposed           12/31/02
            International Education Standard for
            Professional Accountants)
5/02        Guiding Principles for International                9/30/02
            Education Statements
6/02        Introduction to International Education            12/31/02
            Standards for Professional Accountants
6/02        Entry Requirements (Proposed                       12/31/02
            International Education Standard for
            Professional Accountants)
6/02        Continuing Professional Education and              12/31/02
            Development (Proposed International
            Education Guideline for Professional
            Accountants)
6/01        Related Party Disclosures (ED20, proposed          11/30/01
            international public sector accounting
            standard)
7/16/00     Impairment of Assets (public sector committee       1/30/01
            invitation to comment)
5/24/00     Financial Reporting under the Cash Basis           11/30/00
            of Accounting (ED9, proposed statement of
            international public sector accounting)

FASB
3/19/02     Target Audience and Qualitative                     6/30/02
            Characteristics for the Consolidated Financial
            Report Of the United States Government
3/19/02     Selected Standards for the Consolidated             6/30/02
            Financial Report of the United States
            Government
2/19/02     Reclassification of Stewardship                     5/20/02
            Responsibilities and Eliminating the Current
            Services Assessment
GAO
1/25/02     Government Auditing Standards--2002 Revision        4/30/02

INFORMATION

The initials stand for the following oganizations. 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.

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, 535 Fifth Avenue, 26th 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.see.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 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

AICPA TECHNICAL HOTLINE

The Technical Information Service answers inquiries about specific audit or accounting problems. Call toll-free 1-888-777-7077 or e-mail query to [e-mail]. 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.