What term is used to refer to proposals published for modifications to USPAP?

The term used to refer to proposals published for modifications to USPAP is "Exposure Drafts." Exposure Drafts are preliminary versions of proposed changes that are disseminated to solicit feedback from stakeholders, practitioners, and the public. This process allows for a thorough review and consideration of potential changes before they are finalized and implemented, ensuring that the views of those impacted by USPAP modifications are taken into account. This practice of publishing Exposure Drafts is crucial in maintaining transparency and fostering a collaborative environment in the development and revision of standards.

In contrast, Change Notices typically refer to announcements regarding updates or amendments to existing standards rather than proposals. Revisions might imply a final change that has already been decided upon, rather than a draft open for comment. Discussion Papers may present ideas or concepts for consideration but do not specifically indicate that formal proposals for change are being made. Therefore, Exposure Drafts accurately encapsulate the intent and process of proposing modifications to USPAP.