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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.


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

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 aahotline@aicpa.org. 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
Words:1550
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