Generally accepted government auditing standards (GAGAS) apply to all of the following audits except:
A) Financial statement audits of federal organizations.
B) Financial audits of not-for-profit organizations not receiving or expending federal financial awards.
C) Financial audits of governments receiving and expending federal grants.
D) Performance audits of federal programs.

Question

Quizplus · Accepted Answer

Generally accepted government auditing standards (GAGAS) only apply to audits of entities that receive or expend federal financial awards, which excludes not-for-profit organizations that do not receive or expend federal financial awards.

Generally Accepted Government Auditing Standards (GAGAS) Apply to All of the Following