Generally accepted government auditing standards (GAGAS):
A) Establish the same scope as GAAS, but use wording appropriate to governmental entities instead of business organizations.
B) Are set forth in the Federal Government Compliance Supplement.
C) Establish more standards that are broader in scope than those found in GAAS.
D) Establish standard wording of auditor's reports on governmental financial statements.

Question

Quizplus · Accepted Answer

Generally accepted government auditing standards (GAGAS) establish more standards that are broader in scope than those found in GAAS because they cover not only financial audits but also performance audits and attestation engagements.

Generally Accepted Government Auditing Standards (GAGAS)