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 that do not receive or expend 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) apply to financial statement audits of federal organizations, financial audits of governments receiving and expending federal grants, and performance audits of federal programs. However, financial audits of not-for-profit organizations that do not receive or expend federal financial awards are generally not subject to GAGAS.

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