July 15, 2009, letter commenting on the AICPA Auditing Standards Board (ASB) April 2009 Exposure Draft for a proposed Statement on Auditing Standards (SAS), entitled "Subsequent Events and Subsequently Discovered Facts"

Published: Jul 15, 2009. Publicly Released: Jul 15, 2009.

Additional Materials:

Contact:

Jeanette M. Franzel
(202) 512-9471
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

This letter provides the U.S. Government Accountability Office's (GAO) comments on the American Institute of Certified Public Accountants (AICPA) American Institute of Certified Public Accountants's (ASB) proposed Statement on Auditing Standards (SAS) on subsequent events and subsequently discovered facts in an audit of financial statements. Generally, we support the proposed statement and agree that the standard appropriately addresses the auditor's responsibilities to consider subsequent events and subsequently discovered facts in a financial statement audit. In particular, we support the clarification and enhancement of the auditor's responsibilities related to subsequently discovered facts that become known to the auditor after the report release date and believe these provisions will help improve transparency and consistency of practice in this area.

Jul 30, 2015

Jul 16, 2015

Jul 15, 2015

Jul 10, 2015

Jul 9, 2015

Jul 7, 2015

Jun 30, 2015

Jun 25, 2015

Jun 24, 2015

Jun 17, 2015

Looking for more? Browse all our products here