October 28, 2026 letter commenting on the International Auditing and Assurance Standards Board's July 2026 Exposure Draft: "Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (Revised)"

This letter provides GAO's comments on the International Auditing and Assurance Standards Board's (IAASB) Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (Revised) (ISA for LCE). GAO promulgates generally accepted government auditing standards, which provide professional standards for auditors of government entities in the United States.