July 25, 2017, letter commenting on IAASB's April 2017 Exposure Draft, "Proposed International Standard on Auditing 540 (Revised), Auditing Accounting Estimates and Related Disclosures"
Highlights
This letter provides GAO's response to the exposure draft, Proposed International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures (ED-540). GAO promulgates generally accepted government auditing standards, which provide professional standards for auditors of government entities in the United States.