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 Red Book."
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

GAGAS establishes more standards that are broader in scope than GAAS, as they include additional requirements for government audits, such as performance audits and compliance with laws and regulations.

Generally Accepted Government Auditing Standards (GAGAS)