Government financial audits are subject to both GAAS and GAGAS.

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Government financial audits are subject to both Generally Accepted Auditing Standards (GAAS) and Generally Accepted Government Auditing Standards (GAGAS). GAAS provides guidance for the audits of financial statements for all types of entities, while GAGAS provides additional guidance and requirements specifically tailored for audits of government entities. Therefore, government financial audits must comply with both sets of standards.

Government Financial Audits Are Subject to Both GAAS and GAGAS