December 15, 2009 letter commenting on AICPA Auditing Standards Board 's (ASB) September 2009 Exposure Draft of proposed Statement on Auditing Standards (SAS) "Audits of Group Financial Statements (Including the Work of Component Auditors)"

Published: Dec 15, 2009. Publicly Released: Dec 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 ASB's proposed statement on auditing standards. GAO supports the proposed SAS and believes that it will help improve the quality of group audits. We believe that the option for a group auditor to refer to component auditors in the group auditor's report is necessary to help preserve transparency, maximize audit efficiency for the group auditor, and potentially reduce situations in which the group auditor must qualify or disclaim an audit opinion, as noted in our comments below. Our responses to the questions in the Board's Issues for Consideration and Specific Comments are provided in this letter. Editorial changes and other comments are included in the attachment to this letter.

Jul 29, 2016

Jul 28, 2016

Jul 13, 2016

Jul 11, 2016

Jun 13, 2016

Jun 6, 2016

May 26, 2016

May 18, 2016

Apr 6, 2016

Looking for more? Browse all our products here