November 16, 2020, letter commenting on IPSASB’s February 2020 Exposure Draft 70, Revenue with Performance Obligations, Exposure Draft 71, Revenue without Performance Obligations, and Exposure Draft 72, Transfer Expenses
Published: Nov 16, 2020. Publicly Released: Nov 17, 2020.
This letter provides GAO’s comments on the International Public Sector Accounting Standards Board’s (IPSASB) exposure drafts (ED) 70, Revenue with Performance Obligations; 71, Revenue without Performance Obligations; and 72, Transfer Expenses. GAO promulgates generally accepted government auditing standards, which provide professional standards for auditors of government entities in the United States.