Solved

Which of the Following Best Describes the Relationship Between Generally

Question 2

Multiple Choice

Which of the following best describes the relationship between generally accepted auditing standards (GAAS) and generally accepted government auditing standards (GAGAS) ?


A) GAAS apply to independent CPA auditors; GAGAS apply to governmental auditors.
B) Audits conducted in conformity with GAGAS may also require the auditor to conform to GAAS.
C) Audits done in accordance with GAGAS must also be done in accordance with GAAS.
D) Audits of state and local governments always required that the audit be conducted in accordance with both GAAS and GAGAS.

Correct Answer:

verifed

Verified

Related Questions