A CPA performing audits of governmental entities must adhere to standards established by:
A) the AICPA.
B) the GAO.
C) both the GASB and by the GAO.
D) the FASB.
E) both the FASB and by the GAO.

Question

Quizplus · Accepted Answer

The Governmental Accounting Standards Board (GASB) and the Government Accountability Office (GAO) establish standards for audits of governmental entities.

A CPA Performing Audits of Governmental Entities Must Adhere to Standards