Audit Objectives Set Forth by the United States Comptroller General

question 20

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.Explain briefly how GAS audits might meet the information needs of taxpayers better than GAAS audits.Make clear what the two sets of objectives cover.

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Definitions:

Flashbulb Memories

Vivid, detailed memories of significant or traumatic events that feel as if they were captured by a camera's flash.

Accurate Records

Precise documentation or accounts of events, transactions, or observations that are free from errors or distortions.

Trivial Pursuit

A board game in which players answer questions from various categories in order to earn colored wedges, aiming to fill their playing piece.

Explicit Memories

Memories that can be consciously recalled, such as facts and events.