Exposure drafts outstanding.

(This list was compiled as of December 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.)

Exposure Drafts Outstanding

Issue                                                           Comment
Date                 Title or Description                      Deadline

FASB

10/4/02    Accounting for Stock-Based Compensation-             11/4/02
           Transition and Disclosure--an amendment of
           FASB Statement No. 123

6/28/02    Consolidation of Certain Special-Purpose             8/30/02
           Entities--an interpretation of ARB No. 51

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)

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

ASB (AICPA)

           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

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

OTHER (AICPA)

8/1/02     Proposed Statement on Standards for                  10/1/02
           Accounting and Review Services,
           Onmibus--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

10/22/02   Disclosure Required by Sections 404, 406            11/29/02
           and 407 of the Sarbanes-Oxley Act of 2002;
           Release Nos. 34-46701; 1C-25775

10/18/02   Improper Influence on Conduct of Audits;            11/25/02
           Release No. IC-25773

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

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

SEC

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 and     5/23/02
           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

10/24/02   Audit Risk: Proposed International Standards         3/31/03
           on Auditing and Proposed Amendment to
           ISA 200, Objective and Principles Governing
           an Audit of Financial Statements

10/15/02   Reporting on Compliance with International           1/15/03
           Financial Reporting Standards

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 International          12/31/02
           Education Standard for Professional Accountants)

6/02       Continuing Professional Education and               12/31/02
           Development (Proposed International
           Education Guideline for Professional Accountants)

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)

FASAB

11/26/02   Proposed Interpretation of Federal Financial          1/8/03
           Accounting Standards: Accounting for Imputed
           Intra-Departmental Costs: an Interpretation of
           SFFAS No. 4

3/19/02    Target Audience and Qualitative Characteristics      6/30/02
           for the Consolidated Financial Report of the
           United States Government

3/19/02    Selected Standards for the Consolidated Financial    6/30/02
           Report of the United States Government

2/19/02    Reclassification of Stewardship Responsibilities     5/20/02
           and Eliminating the Current Services Assessment

GAO

1/25/02    Government Auditing Standards--2002 Revision         4/30/02

New additions appear in bold type.

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, PO. 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, PO.
          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.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 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.