May 31, 2012, letter commenting on PCAOB's Rulemaking Docket Matter No. 038. PCAOB Release No. 2012-001: "Proposed Auditing Standard Related to Related Parties; Proposed Amendments to Certain PCAOB Auditing Standards Regarding Significant Unusual Transactions; and Other Proposed Amendments to PCAOB Auditing Standards"

This letter provides the U.S. Government Accountability Office’s (GAO) comments on the Public Company Accounting Oversight Board's (PCAOB) proposed auditing standard, Related Parties, amendments to certain PCAOB auditing standards regarding significant unusual transactions, and other amendments to PCAOB auditing standards.