Exposure drafts outstanding.
Issue Comment Date Title or Description Deadline FASB 6/23/04 Fair Value Measurements 9/7/04 6/17/04 Accounting for Conditional Asset Retirement 8/1/04 Obligations-an interpretation of FASB Statement No. 143 12/15/03 Earnings per Share--an amendment of FASB 4/13/04 Statement No. 128 12/15/03 Accounting Changes and Error Corrections-- 4/13/04 a replacement of APB Opinion No. 20 and FASB Statement No. 3 6/10/03 Qualifying Special-Purpose Entities and 7/31/03 Isolation of Transferred Assets-an amendment of FASB Statement No. 140 10/27/00 Proposed Amendment to FASB Concepts Statement 3/31/01 No. 6 to Revise the Definition of Liabilities, an Amendment of FASB Concepts Statement No. 6 10/27/00 Accounting for Financial Instruments with 3/31/01 Characteristics of Liabilities, Equity, or Both 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) 11/29/04 Proposed Statement of Position, Accounting by 1/7/05 Insurance Enterprises for Deferred Acquisition Costs on Internal Replacements 6/19/03 Proposed Statement of Position, Allowance for 9/19/03 Credit Losses 12/17/02 Proposed Statement of Position, Clarification of 3/31/03 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 ASB (AICPA) 1/12/05 Proposed Statement on Auditing Standards: 5/15/05 Audit Documentation 3/18/03 Proposed Statement on Auditing Standards, 5/30/03 Communication of Internal Control Related Matters Noted in an Audit 3/18/03 Proposed Statements on Auditing Standards and 5/15/03 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 * 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) 9/20/04 XBRL US Financial Reporting Taxonomy 11/19/04 Framework 11/15/02 Proposed Tax Standards Interpretation 1-2, "Tax 4/30/03 Planning," of Statement on Standards for Tax Services No. 1, Tax Return Positions 11/1/01 AICPA/NASBA Uniform Accountancy Act and 12/31/01 Uniform Accountancy Act Rules 3/7/01 Statement on Standards for Continuing 8/1/01 Professional Education Programs SEC 4/15/04 Use of Form S-8 and Form 8-K by Shell Companies; 6/7/04 Release No. 34-49566 3/11/04 First-Time Application of International Financial 4/19/04 Reporting Standards; Release Nos.: 33-8397; 34-49403; International Series Release No. 1274 (See Correction 3/18/04; Release Nos. 33-8397A; 34-49403A; International Series Release No. 1274A) 6/26/02 Framework for Enhancing the Quality of Financial 9/3/02 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 2/18/00 SEC Concept Release: International Accounting 5/23/00 Standards 1/21/00 Supplementary Financial Information 4/17/00 GASB 12/10/04 Accounting for Termination Benefits 3/11/05 6/23/04 Communication Methods 9/30/04 IFAC 11/9/04 International Guidelines on Environmental 2/28/05 Management Accounting (EMA) 10/5/04 Proposed Revised Code of Ethics for 11/30/04 Professional Accountants 9/23/04 Policy Statement, "Clarifying Professional 12/31/04 Requirements in International Standards" and Consultation Paper, "Improving the Clarity and Structure of IAASB Standards and Related Considerations for Practice Statements" 9/23/04 ISA 230 (Revised), "Audit Documentation" 1/31/05 and amendments to ISA 330, "The Auditor's Procedures in Response to Assessed Risks" and ISQC 1, "Quality Control for Firms that Perform Audits and Reviews of Historical Financial and Other Assurance and Related Services Engagements" 7/14/04 Preface to the International Standards on Quality 10/15/04 Control, Auditing, Assurance and Related Services--IAASB Due Process and Working Procedures 1/20/04 Revenue from Non-Exchange Transactions 6/30/04 (Including Taxes and Transfers) 1/20/04 Accounting for Social Policies of Governments 6/30/04 12/23/03 ISA 600 (Revised), "The Work of Related Auditors 3/31/04 and Other Auditors in the Audit of Group Financial Statements" and IAPS, "The Audit of Group Financial Statements" 12/22/03 ISA700 (Revised), "The Independent Auditor's 3/31/04 Report on a Complete Set of General Purpose Financial Statements" ISA 200, "Objective and General Principles Governing an Audit of Financial Statements" Amendment to ISA 210, "Terms of Audit Engagements" Conforming Amendments 11/11/03 Revision to Code of Ethics for Professional Accountants 2/15/04 7/18/03 Proposed Revised Code of Ethics for Professional 11/30/03 Accountants 6/24/03 Proposed International Standard on Auditing: 9/30/03 "Review of Interim Financial Information Performed by the Auditor of the Entity" FASAB 4/26/04 Inter-Entity Cost Implementation: Amending 7/31/04 SFFAS 4, "Managerial Cost Accounting Standards and Concepts" 8/20/03 Heritage Assets and Stewardship Land: 11/10/03 Reclassification from Required Supplementary Stewardship Information 4/21/03 Accounting for Fiduciary Activities 7/31/03 GAO 10/6/04 Guidance on GAGAS Requirements for 11/30/04 Continuing Professional Education PCAOB At the present time PCAOB exposure drafts have very short comment periods. A list of outstanding PCAOB exposure drafts is available online at www.pcaobus.org. New additions appear in bold type. (No new additions this month.) * This exposure draft has been submitted to the Public Company Accounting Oversight Board for its consideration as auditing and attestation standards.
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--Govermnental 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). 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, 545 Fifth Avenue, 14th 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
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. Government Accountability Office (Government Auditing Standards Comments, Marcia B. Buchanan, US. General Accounting Office, Room 5089, 441 G Street, N.W., Washington, DC 20548); www.gao.gov
PCAOB--Public Company Accounting Oversight Board, 1666 K Street, N.W., Washington, DC 20006 2803; firstname.lastname@example.org
AICPA TECHNICAL HOTLINE
The Technical Information Service answers inquiries about specific audit or accounting problems. Call toll-free 888-777-7077 or e-mail query to email@example.com. This service is free to AICPA members.
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|Publication:||Journal of Accountancy|
|Date:||Apr 1, 2005|
|Next Article:||Official releases: FASB No. 123 (revised 2004) ... ethics interpretation.|