An Audit Conducted in Accordance with the Yellow Book Must

question 25

Multiple Choice

An audit conducted in accordance with the Yellow Book must include an audit report that states the audit was performed in accordance with

• A) Generally Accepted Auditing Standards (GAAS).
• B) Generally Accepted Government Auditing Standards (GAGAS).
• C) Generally Accepted Standards on Auditing (GASA).
• D) Statements on Auditing Standards (SAS).

---

Definitions:

American Way of Life

A phrase that refers to the lifestyle and cultural norms of people living in the United States, often emphasizing freedom, democracy, and economic opportunity.

Communist Party of America

A political party in the United States that advocates for the principles of communism, emphasizing the collective ownership of means of production.

Unemployed Councils

Grassroots organizations established during the Great Depression to advocate for the rights and needs of unemployed workers.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, acute deflation, and distress in industrialized countries.