Auditing and Financial Management:
May 15, 2009, letter commenting on the AICPA Auditing Standards Board (ASB) January 21, 2009, Exposure Draft of the proposed Statements on Auditing Standards entitled "Required Supplementary Information (RSI), Other Information in Documents Containing Audited Financial Statements (OSI), and Other Information in Relation to the Financial Statements as a Whole ('In Relation To')"
Published: May 15, 2009. Publicly Released: May 15, 2009.
This letter provides the U.S. Government Accountability Office's (GAO) comments on the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board's (ASB) proposed standards on auditor's objectives and responsibilities with regard to (1) required supplementary information, (2) other information in documents containing audited financial statements, and (3) other information in relation to the financial statements as a whole. Generally, we support the proposed standards and believe they will provide clarity and improve consistency of practice concerning information associated with the basic financial statements and the auditor's report.