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Exposure drafts outstanding.

Exposure Drafts Outstanding

(This list was compiled as of September 1, 2002. 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

5/10/02    Acquisitions of Certain Financial Institutions--    6/24/02
           an amendment of FASB Statements No. 72 and
           No. 144 and FASB Interpretation 9

5/22/02    Guarantor's Accounting and Disclosure               6/21/02
           Requirements for Guarantees, Including
           Indirect Guarantees of Indebtedness of
           Others--an interpretation of FASB
           Statements No. 5, 57, and 107

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)

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

11/21/00   Accounting for Investors' Interests in              4/15/01
           Unconsolidated Real Estate Investments

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

ASB (AICPA)

7/26/02    Proposed Statement on Auditing Standards,           9/26/02
           Interim Financial Information

6/28/02    Proposed Statement on Auditing Standards            8/28/02
           Auditing Fair Value Measurements and
           Disclosures

5/15/02    Proposed Statement on Quality Control               6/30/02
           Standards, Amendment to SQCS No. 2,
           System of Quality Control for a CPA Firm's
           Accounting and Auditing Practice

5/15/02    Proposed Statement on Auditing Standard             6/30/02
           and Proposed Statement on Standards for
           Attestation Engagements, Omnibus--2002

4/30/02    Proposed Statement on Auditing Standards,           5/30/02
           Amendment to Statement on Auditing
           Standards No. 50, Reports on the
           Application of Accounting Principles

2/28/02    Proposed Statement on Auditing Standards,           5/31/02
           Consideration of Fraud in a Financial
           Statement Audit

OTHER (AICPA)

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

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

7/02       Trust Services Principles and Criteria              8/15/02

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

6/17/02    Additional Form 8-K Disclosure                      8/26/02
           Requirements 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                 9/02
           Financial Information Through Improvement
           of Oversight of the Auditing Process; Release
           Nos. 33-8109; 34-46120; 35-27543; IA-2039;
           IC-25624

SEC

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

6/28/02    Deposit and Investment Risk Disclosures--           9/27/02
           an amendment of GASB Statement No. 3

IFAC

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                9/30/02
           Education Statements

6/02       Introduction to International Education            12/31/02
           Standards for Professional Accountants

6/02       Entry Requirements (Proposed                       12/31/02
           International Education Standard for
           Professional Accountants)

6/02       Continuing Professional Education and              12/31/02
           Development (Proposed International
           Education Guideline for Professional
           Accountants)

6/01       Related Party Disclosures (ED20, proposed          11/30/01
           international public sector accounting standard)

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

3/19/02    Target Audience and Qualitative                     6/30/02
           Characteristics 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

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--    Government Accounting Standards Board (Order Department,
          Government Accounting Standards Board, 401 Merrit 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
          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#com

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 interests to professional
accountants.
COPYRIGHT 2002 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Journal of Accountancy
Date:Oct 1, 2002
Words:1372
Previous Article:Test your knowledge of professional ethics. (Professional Ethics).
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