INTRODUCTION The Auditing Standards Committee of the Auditing Section of the American Accounting Association is pleased to provide comments on the Proposed Statement on Auditing Standards: Initial Audit Engagements, Including Reaudits—Opening Balances. We appreciate the opportunity to provide comments on the proposed standard. The views expressed in this letter are those of the members of the Auditing Standards Committee and do not reflect an official position of the American Accounting Association. In addition, the comments reflect the overall consensus view of the Committee, not necessarily the views of every individual member. We hope that our comments and suggestions are helpful and will assist in finalizing the proposed standard. The Committee commends the Auditing Standards Board ASB for applying clarity drafting conventions and converging with International Standards on Auditing ISAs in developing the proposed standard. The following comments address the specific questions in the guidance for respondents.