Exposure drafts outstanding.

(This list was compiled as of January 1, 2003. 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

5/1/02    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)
12/17/02  Proposed Statement of Position, Clarification      3/31/03
          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

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

12/30/98  Accounting for Discounts Related to Credit         4/29/99
          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;

ASB (AICPA)
          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)
8/1/02    Proposed Statement on Standards for Accounting     10/1/02
          and Review Services, Omnibus--2002

6/17/02   Omnibus Proposal of Professional Ethics            8/17/02
          Division Interpretations and Rulings

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; IC-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 Requirements        8/26/02
          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

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

SEC
2/18/00   SEC Concept Release: International Accounting      5/23/00
          Standards

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

GASB
12/13/02  Budgetary Comparison Schedules--                   2/28/03
          Perspective Differences (an amendment of
          GASB Statement No. 34)

12/13/02  Accounting and Financial Reporting for             2/28/03
          Impairment of Capital Assets and for
          Insurance Recoveries

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 Education     9/30/02
          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            6/30/02
          Financial 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

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.

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.see.gov/rules/eoneindx.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.