Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was compiled as of February 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
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;
           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)
11/15/02   Proposed Tax Standards Interpretation 1-2,           4/30/03
           "Tax Planning," of Statement on Standards
           for Tax Services No. 1, Tax Return Positions
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; 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 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
2/18/00    SEC Concept Release: International Accounting        5/23/00
           Standards
1/21/00    Supplementary Financial Information                  4/17/00

GASB
1/31/03    Accounting and Financial Reporting by                4/30/03
           Employers for Postemployment Benefits Other
           Than Pensions
1/31/03    Financial Reporting for Postemployment               4/30/03
           Benefit Plans Other Than Pension Plans
12/13/02   Budgetary Comparison Schedules--Perspective          2/28/03
           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 on      3/31/03
           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)
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)

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 Standardsw2002 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, 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.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

GOA     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.