November 16, 2020, letter commenting on IPSASB’s February 2020 Exposure Draft 70, Revenue with Performance Obligations, Exposure Draft 71, Revenue without Performance Obligations, and Exposure Draft 72, Transfer Expenses

This letter provides GAO’s comments on the International Public Sector Accounting Standards Board’s (IPSASB) exposure drafts (ED) 70, Revenue with Performance Obligations; 71, Revenue without Performance Obligations; and 72, Transfer Expenses. GAO promulgates generally accepted government auditing standards, which provide professional standards for auditors of government entities in the United States.