Yellow cabs waiting for green light on the crossroad of streets of New York City during sunny summer daytime

Comment Letter - GAO's proposed revisions to standard on audit firms’ systems of quality management


In our comment letter, we support the objective of the Government Accountability Office (GAO) to strengthen the framework of an audit firm’s system of quality management for government audits, which we believe would help improve quality at both the audit organization and engagement levels. We also support the GAO’s efforts to largely harmonize its quality management standards with those of the International Audit and Assurance Standards Board and the Auditing Standards Board.

Download PDF