Exposure drafts outstanding.
Exposure Drafts Outstanding (This list was compiled as of April 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 2/20/03 Accounting for Real Estate Time-Sharing 4/30/03 Transactions--an amendment of FASB Statements No. 66 and 67 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 3/31/01 With 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 5/24/99 and Policy AcSEC (AICPA) 3/14/03 Proposed Statement of Position, Accounting 5/14/03 by Insurance Enterprises for Deferred Acquisition Costs on Internal Replacements Other Than Those Specifically Described in FASB Statement No. 97 2/20/03 Proposed Statement of Position, Accounting 4/30/03 for Real Estate Time-Sharing Transactions 12/17/02 Proposed Statement of Position, 3/31/03 Clarification 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) 3/18/03 Proposed Statements on Auditing Standards 5/15/03 and Statement on Standards for Attestation Engagements Related to Internal Control: Auditing an Entity's Internal Control Over Financial Reporting in Conjunction With the Financial Statement Audit; Amendment to Statement on Auditing Standards No. 100, Interim Financial Information; and Reporting on an Entity's Internal Control over Financial Reporting 3/18/03 Proposed Statement on Auditing Standards, 5/15/03 Communication of Internal Control Related Matters Noted in an Audit 4/1/03 Proposed Statement on Auditing Standards, 5/15/03 Sarbanes-Oxley Omnibus Statement on Auditing Standards 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) 3/19/03 Omnibus Proposal of Professional Ethics 5/19/03 Division Interpretations and Rulings 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 12/1/01 Proposed Statement on Responsibilities for 1/31/02 Litigation Services No. 1 11/1/01 AICPA/NASBA Uniform Accountancy Act and 12/31/01 Uniform Accountancy Act Pules 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 5/23/02 Dates 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 5/23/00 Accounting Standards 1/21/00 Supplementary Financial Information 4/17/00 GASB 2/14/03 Accounting and Financial Reporting by 4/30/03 Employers for Postemployment Benefits Other Than Pensions 2/14/03 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 IFAC 10/24/02 Audit Risk: Proposed International 3/31/03 Standards 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) 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 1/30/01 committee invitation to comment) FASAB 3/21/03 Questions and Answers Related to the 4/7/03 Homeland Security Act of 2002 11/26/02 Proposed Interpretation of Federal 1/8/03 Financial Accounting Standards: Accounting for Imputed Intra-Departmental Costs: an Interpretation of SFFAS No. 4 2/19/02 Reclassification of Stewardship 5/20/02 Responsibilities and Eliminating the Current Services Assessment GAO 1/25/02 Government Auditing Standards--2002 4/30/02 Revision New additions appear in bold type.
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
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 email@example.com. 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.
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|Publication:||Journal of Accountancy|
|Date:||May 1, 2003|
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