February 1, 2021, letter commenting on IAASB's September 2020, Discussion Paper, Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences Between Public Perceptions About the Role of the Auditor and the Auditor's Responsibilities in a Financial Statement Audit

Published: Feb 1, 2021. Publicly Released: Feb 1, 2021.

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This letter provides GAO's comments on the International Auditing and Assurance Standards Board's (IAASB) discussion paper, Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences Between Public Perceptions About the Role of the Auditor and the Auditor's Responsibilities in a Financial Statement Audit. GAO promulgates generally accepted government auditing standards (GAGAS).1 GAGAS provides standards for performing high-quality audits of government organizations, programs, activities, and functions and of government assistance received by contractors, nonprofit organizations, and other nongovernment organizations with competence, integrity, objectivity, and independence.