Generally Accepted Government Auditing Standards (GAGAS)

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.

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