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

Question

Quizplus · Accepted Answer

GAGAS includes additional standards and requirements beyond those included in GAAS, so audits conducted in conformity with GAGAS may also require the auditor to conform to GAAS. However, audits done in accordance with GAAS do not necessarily have to be done in accordance with GAGAS. The choice D is incorrect because audits of state and local governments may not always require adherence to both GAAS and GAGAS, as it depends on the specific circumstances and requirements of the audit.

Which of the Following Best Describes the Relationship Between Generally