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This letter provides the U.S. Government Accountability Office's (GAO) comments on the American Institute of Certified Public Accountants' (AICPA) exposure draft entitled Maintaining the Relevance of the Uniform CPA Examination. GAO promulgates generally accepted government auditing standards (GAGAS), which provide professional standards for auditors of government entities in the United States. GAO also performs annual financial audits of the financial statements of the U.S. government, Internal Revenue Service, the Securities and Exchange Commission, and several other federal entities. GAO is also one of the sponsors of the Federal Accounting Standards Advisory Board (FASAB), which promulgates generally accepted accounting principles for federal reporting entities. We are limiting our response to Question III of the exposure draft as this question addresses the areas of foremost concern to GAO.

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