Multiple Choice
An audit of a government's financial statements,conducted in accordance with generally accepted government auditing standards (GAGAS) ,includes
A) A determination of efficiency and effectiveness.
B) An examination of the financial statements and underlying records for conformance with generally accepted accounting principles (GAAP) .
C) Tests for compliance with laws and regulations.
D) An examination of the financial statements and underlying records for conformance with GAAP and tests for compliance with laws and regulations.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Only state and local governments and their
Q32: "An unqualified opinion on the financial statements
Q32: Threats to independence include all of the
Q33: The single audit requirement applies to<br>A) All
Q34: Generally accepted government auditing standards (GAGAS):<br>A) Establish
Q35: The introductory paragraph of an audit report
Q40: Answer the following questions relating to the
Q41: The opinion paragraph of the independent auditor's
Q44: The AICPA's Audit and Accounting Guide, State
Q60: Governments and not-for-profit entities may be subject