June 27, 2005, letter commenting on the AICPA's Auditing Standards Board's proposed statement on auditing standards: "Amendment to Statement on Auditing Standards No. 69, the Meaning of Present Fairly in Conformity with Generally Accepted Accounting Principles, for Nongovernmental Entities," dated May 9, 2005.

This letter provides the U.S. Government Accountability Office's (GAO) comments on the Auditing Standards Board's (ASB) May 9, 2005 exposure draft of a proposed Statement on Auditing Standards (SAS) entitled "Amendment to Statements on Auditing Standards No. 69, the Meaning of Present Fairly in Conformity with Generally Accepted Accounting Principles, for Nongovernmental Entities."