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Audit Objectives Set Forth by the United States Comptroller General

question 29

Essay

Audit objectives set forth by the United States Comptroller General in Government Auditing Standards (GAS or GAGAS) differ from the AICPA view (GAAS) as discussed in Chapter 11. What are some of the differences?


Definitions:

Inequality Principle

A concept in social and political philosophy suggesting that social or economic inequalities are justified only if they benefit the least advantaged members of society.

Institutions

Established organizations or systems in society with specific purposes and roles, such as educational, religious, or governmental entities.

Well-Ordered Society

A society in which there are mutually accepted principles of justice governing the basic structure of the main institutions.

Morally

Pertaining to principles of right and wrong in behavior; ethical.

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