May 2, 2005 letter commenting on the IASB'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)"

This letter provides the U.S. Government Accountability Office's (GAO) comments on the International Auditing and Assurance Standards Board (IAASB) December 2004, proposed revisions to International Standard on Auditing (ISA) No. 540 - Auditing Accounting Estimates and Related Disclosures (Other than Those Involving Fair Value Measurements and Disclosures).