December 15, 2009 letter commenting on AICPA Auditing Standards Board 's (ASB) September 2009 Exposure Draft of proposed Statement on Auditing Standards (SAS) "Audits of Group Financial Statements (Including the Work of Component Auditors)"

Published: Dec 15, 2009. Publicly Released: Dec 15, 2009.

Additional Materials:


Jeanette M. Franzel
(202) 512-9471


Office of Public Affairs
(202) 512-4800

This letter provides the U.S. Government Accountability Office's (GAO) comments on the ASB's proposed statement on auditing standards. GAO supports the proposed SAS and believes that it will help improve the quality of group audits. We believe that the option for a group auditor to refer to component auditors in the group auditor's report is necessary to help preserve transparency, maximize audit efficiency for the group auditor, and potentially reduce situations in which the group auditor must qualify or disclaim an audit opinion, as noted in our comments below. Our responses to the questions in the Board's Issues for Consideration and Specific Comments are provided in this letter. Editorial changes and other comments are included in the attachment to this letter.

Oct 1, 2015

Sep 15, 2015

Sep 14, 2015

Sep 9, 2015

Aug 3, 2015

Jul 30, 2015

Jul 16, 2015

Jul 10, 2015

Jun 30, 2015

Jun 25, 2015

Looking for more? Browse all our products here