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Comment on Auditing Standards Proposal

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Grant Thornton submitted a letter to AICPA commenting on the Proposed Statement on Auditing Standards (SAS), Auditing Accounting Estimates and Related Disclosures. The firm supports the Board’s undertaking to enhance the auditing standard related to accounting estimates, and agrees with the Board’s approach to converge this standard with the corresponding international auditing standard. The letter also includes responses to the questions posed in the exposure draft along with other comments.

Read our comment letter