Professional Standards Update No. 46

This is document is one of GAO's Professional Standards Updates (PSU). GAO periodically issues these PSUs in order to alert the audit community to changes in professional standards and other auditing developments of interest. Until July 2006, the updates were available only to GAO staff on the FMA Web site. However, this update and the July 2006 update No. 45 are now available publicly on the GAO Web site.