COMMENT LETTERS ON RECENT EXPOSURE DRAFTS ISSUED BY OTHER AUDITING STANDARD SETTING ORGANIZATIONS

GAO's December 23, 2008 letter commenting on the American Institute of Certified Public Accountants' Proposed Preface to Codification of Statements on Auditing Standards, Principles Governing an Audit Conducted in Accordance with Generally Accepted Auditing Standards and Proposed Statement on Auditing Standards, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards.
GAO's August 12, 2008, letter commenting on the American Institute of Certified Public Accountants' Proposed Revisions to Statement on Standards for Attestation Engagements, AT Section 501, An Examination of an Entity’s Internal Control Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements.
GAO's August 12, 2008, letter commenting on the American Institute of Certified Public Accountants' Proposed Revisions to Statement on Auditing Standards, AU Section 325, Communicating Internal Control Related Matters Identified in an Audit.
GAO's June 26, 2008, letter commenting on the American Institute of Certified Public Accountants' April 2008 exposure draft: Proposed Statement on Auditing Standards No. 103 (Redrafted), Audit Documentation.
GAO's June 26, 2008, letter commenting on the American Institute of Certified Public Accountants' April 2008 exposure draft: Proposed Statement on Auditing Standards No. 114 (Redrafted), The Auditor’s Communication with Those Charged with Governance.
GAO's May 30, 2008, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) December 2007 exposure draft ISAE 3402, Assurance Reports on Controls at a Third Party Service Organization.
GAO's May 12, 2008, letter commenting on the Public Company Accounting Oversight Board's (PCAOB) Rulemaking Docket Matter No. 025: PCAOB Release No. 2008-002, Proposed Auditing Standard -- Engagement Quality Review and Conforming Amendment to the Board's Interim Quality Control Standards.
GAO's April 30, 2008, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) December 2007 exposure drafts: ISA 265, Communicating Deficiencies in Internal Control and Related Conforming Amendments to Other ISAs.
GAO's April 30, 2008, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) December 2007 exposure drafts: ISA 402 (Revised and Redrafted), Audit Considerations Relating to an Entity Using a Third Party Service Organization.
GAO's April 15, 2008, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) January 2008 exposure drafts: ISA 210 (Redrafted), Agreeing the Terms of Audit Engagements and Related Conforming Amendments to Other ISAs.
GAO's April 15, 2008, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) January 2008 exposure drafts: ISA 710, Comparative Information-Corresponding Figures and Comparative Financial Statements.
GAO's March 31, 2008, letter commenting on the Institute of Internal Auditors' (IIA) exposure draft on proposed changes to the International Standards for the Professional Practice of Internal Auditing.
GAO's March 4, 2008, letter commenting on the Public Company Accounting Oversight Board's (PCAOB) Release No. 2007-011, Proposed Policy Statement, Guidance Regarding Implementation of PCAOB Rule 4012.
GAO's February 15, 2008, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) October 2007 exposure draft: ISA 505, External Confirmations.
GAO's February 15, 2008, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) October 2007 exposure draft: ISA 620 (Revised), Using the Work of an Audit Expert.
GAO's December 21, 2007, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) July 2007 exposure drafts: ISA 220, Quality Control for an Audit of Financial Statements and ISQC 1, Quality Control for Firms that Perform Audits and Reviews of Financial Statement, and Other Assurance and Related Services Engagements.
GAO's November 28, 2007, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) July 2007 exposure drafts: ISA 700, The Independent Auditor's Report on General Purpose Financial Statements; ISA 705 (Revised), Modifications to the Opinion in the Independent Auditor's Report; ISA 706 (Revised), Emphasis of a Matter Paragraphs and Other Matter(s) Paragraphs in the Independent Auditor's Report; ISA 800 (Revised), Special Considerations--Audits of Special Purpose Financial Statements and Specific Elements, Accounts or Items of a Financial Statement; and ISA 805 (Revised), Engagements to Report on Summary Financial Statements.
GAO's November 13, 2007, letter commenting on the Securities and Exchange Commission's (SEC) document File No. S7-20-7 -- Solicitation of Comments on Allowing U.S. Issuers to Prepare Financial Statements in Accordance With International Financial Reporting Standards.
GAO's November 2, 2007, letter commenting on the Committee of Sponsoring Organizations (COSO) of the Treadway Commission's discussion document COSO Internal Control Integrated Framework--Guidance on Monitoring Internal Control Systems.
GAO's October 31, 2007, letter commenting on the the International Auditing and Assurance Standards Board's (IAASB) July 2007 exposure draft ISA 530, Audit Sampling.
GAO's September 15, 2007, letter commenting on the the International Auditing and Assurance Standards Board's April 2007 proposed revisions to ISA 200, Overall Objective of the Independent Auditor, and the Conduct of an Audit in Accordance with International Standards on Auditing.
GAO's August 9, 2007, letter commenting on the American Institute of Certified Public Accountants' Professional Ethics Executive Committee's May 15, 2007, exposure draft Proposed Interpretation 102-7, Other Considerations: Meeting the Objectives of the Fundamental Principles, and Proposed Framework for Meeting the Objectives of the Fundamental Principles.
GAO's July 12, 2007, letter commenting on the on the Securities and Exchange Commission's (SEC) Solicitation of Comments on the filing of the Proposed Rule on Auditing Standard No. 5, An Audit of Internal Control over Financial Reporting That is Integrated with an Audit of Financial Statements, and Related Independence Rule and Conforming Amendments.
GAO's June 29, 2007, letter commenting on the American Institute of Certified Public Accountants' proposed revisions to Standards for Performing and Reporting on Peer Reviews.
GAO's June 15, 2007, letter commenting on the AICPA's Auditing Standards Board's (ASB) March 20, 2007, discussion paper on Improving the Clarity of ASB Standards.
GAO's May 18, 2007, letter commenting on PCAOB Release No. 2007-003—Proposed Auditing Standard—Evaluating Consistency of Financial Statements and Proposed Amendments to Interim Auditing Standards.
GAO's April 30, 2007, letter commenting on the Institute of Internal Auditors' Exposure Draft of Proposed Changes to the Professional Practices Framework.
GAO's April 30, 2007, letter commenting on the International Ethics Standards Board for Accountants' (IESBA) December 2006 Exposure Draft: Section 290 of the Code of Ethics: Independence--Audit and Review Engagements, and Section 291 of the Code of Ethics: Independence--Other Assurance Engagements.
Jeffrey C. Steinhoff, Managing Director, Financial Management and Assurance, GAO: April 4, 2007, remarks before the SEC Open Meeting commenting on the SEC's proposed Management Guidance for Section 404 of the Sarbanes-Oxley Act and the PCAOB's proposed revisions to Auditing Standards No. 2.
GAO's February 26, 2007, letter commenting on PCAOB Release No. 2006-007—Proposed Auditing Standard—An Audit of Internal Control over Financial Reporting That is Integrated with an Audit of Financial Statements, and Related Other Proposals.
GAO's September 29, 2006, letter commenting on the AICPA's Auditing Standards Board's July 28, 2006, exposure draft of a proposed statement on quality control standards (SQCS) entitled A Firm's System of Quality Control.
GAO's September 15, 2006, letter commenting on the AICPA's Auditing Standards Board's July 25, 2006, exposure draft of a proposed statement on standards for attestation engagements (SSAE) entitled SSAE Hierarchy.
GAO's July 31, 2006, letter commenting on the International Auditing and Assurance Standards Board's March 2006 proposed revisions to International Standard on Auditing (ISA) No. 600, The Audit of Group Financial Statements.
GAO's May 19, 2006, letter commenting on the AICPA's Auditing Standards Board's January 19, 2006, proposed statement on standards for attestation engagements Reporting on an Entity's Internal Control Over Financial Reporting.
GAO's January 20, 2006, letter commenting on the Committee of Sponsoring Organizations of the Treadway Commission's draft COSO Internal Control Integrated Framework – Guidance for Smaller Public Companies Reporting on Internal Control over Financial Reporting.
GAO's October 31, 2005, letter commenting on the International Auditing and Assurance Standards Board's June 2005 proposed revisions to International Standard on Auditing (ISA) No. 701, The Independent Auditor's Report on Other Historical Financial Information and proposed ISA No. 800, The Independent Auditor's Report on Summary Audited Financial Statements.
GAO's October 31, 2005, letter commenting on the AICPA's Auditing Standards Board's September 1, 2005, proposed statement on auditing standards Communication of Internal Control Related Matters Noted in an Audit (to supersede Statement on Auditing Standard No. 60, Communication of Internal Control Related Matters Noted in an Audit).
GAO's August 26, 2005, letter commenting on the AICPA's Auditing Standards Board’s June 15, 2005, exposure draft of proposed statements on auditing standards related to audit risk.
GAO's August 10, 2005, letter commenting on the International Auditing and Assurance Standards Board's March 2005 proposed revisions to International Standard on Auditing No. 705, Modification to the Opinion in the Auditor's Report and No. 706, Emphasis of Matter Paragraphs and Other Matters in the Independent Auditor's Report.
GAO's August 8, 2005, letter commenting on the International Auditing and Assurance Standards Board's March 2005 proposed revision to International Standard on Auditing No. 260 (Revised), The Auditor's Communication with Those Charged with Governance.
GAO's August 2, 2005, letter commenting on the International Auditing and Assurance Standards Board's March 2005 proposed revision to International Standard on Auditing No. 600, The Audit of Group Financial Statements.
GAO's June 27, 2005, letter commenting on the AICPA's Auditing Standards Board’s proposed statement on auditing standards Amendment to Statement on Auditing Standards No. 69, the Meaning of Present Fairly in Conformity with Generally Accepted Accounting Principles, for Nongovernmental Entities, dated May 9, 2005.
GAO's June 27, 2005, letter commenting on the Financial Accounting Standards Board's exposure draft entitled The Hierarchy of Generally Accepted Accounting Principles.
GAO's June 24, 2005, letter commenting on the AICPA's Professional Ethics Division's Proposed New Interpretation 101-15 under Rule 101: Financial Relationships.
GAO's May 9, 2005, letter commenting on the AICPA's Auditing Standards Board’s March 2, 2005, exposure draft of a proposed statement on auditing standards Defining Professional Requirements in Statements on Auditing Standards and a related proposed statement on standards for attestation engagements.
GAO's May 9, 2005, letter commenting on the Public Company Accounting Oversight Board's March 31, 2005, Rulemaking Docket Matter No. 018: Proposed Auditing Standard—Reporting on the Elimination of a Material Weakness.
GAO's May 2, 2005, letter commenting on the AICPA's Auditing Standards Board's January 15, 2005, exposure document on a proposed Statement of Auditing Standards entitled Audit Documentation.
GAO's May 2, 2005, letter commenting on the International Auditing and Assurance Standards Board's December 2004 proposed revision to International Standard on Auditing No. 540, Auditing Accounting Estimates and Related Disclosures (Other than Those Involving Fair Value Measurements and Disclosures).
GAO's May 2, 2005, letter commenting on the International Auditing and Assurance Standards Board's December 2004 proposed revision to International Standard on Auditing No. 320, Materiality in the Identification and Evaluation of Misstatements.
GAO's February 11, 2005, letter commenting on the International Auditing and Assurance Standards Board's (IAASB) September 2004, Proposed Revisions to International Standard on Auditing No. 230 -- Audit Documentation.
GAO's January 27, 2004, letter commenting on the Public Company Accounting Oversight Board's (PCAOB) December 10, 2003, Rulemaking Docket No. 013--Proposed Rules Relating to the Oversight of Non-U.S. Public Accounting Firms.
GAO's January 12, 2004, letter commenting on the Public Company Accounting Oversight Board's (PCAOB) November 21, 2003, Rulemaking Docket No. 012--Proposed Auditing Standard on Audit Documentation and Proposed Amendment to Interim Auditing Standards.
GAO's December 9, 2003, letter commenting on the Public Company Accounting Oversight Board's (PCAOB) October 7, 2003, Proposed Auditing Standards--An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements.
GAO's November 6, 2003, letter commenting on the Public Company Accounting Oversight Board's (PCAOB) October 7, 2003, proposed rule regarding certain terms used in auditing and related professional practice standards.
GAO's September 3, 2003, letter commenting on the Public Company Accounting Oversight Board's (PCAOB) July 28, 2003, proposed rules on inspections of registered public accounting firms.
GAO's September 3, 2003, letter commenting on the AICPA's May 30, 2003, exposure draft of proposed revisions to the AICPA Standards for Performing and Reporting on Peer Reviews.
GAO’s May 20, 2003, letter commenting on the Institute of Internal Auditors’ January 15, 2003, exposure draft of Standards for the Professional Practice of Internal Auditing.
GAO’s May 20, 2003, letter commenting on the AICPA’s March 19, 2003, exposure draft of professional ethics interpretations and rulings.
GAO’s May 20, 2003, letter commenting on the AICPA’s March 18, 2003, exposure draft of proposed standards related to auditing and reporting on an entity’s internal control over financial reporting.
GAO’s April 30, 2003, letter commenting on the AICPA’s December 2, 2002, exposure draft of seven proposed auditing standards related to audit risk.

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Last Updated January 5, 2009