Generally Accepted Government Auditing Standards (GAGAS)

question 34

Multiple Choice

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 Compliance Supplement.
• 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.

---

Definitions:

Economic Opportunities

The availability of chances for individuals to improve their economic status through employment, education, or starting a business.

1968 Civil Rights Act

Also known as the Fair Housing Act, it prohibits discrimination concerned with the sale, rental, and financing of housing based on race, religion, national origin, and sex.

Urban Uprisings

Spontaneous, large-scale protests or riots, often occurring in cities, sparked by grievances or perceived injustices, particularly those involving race and poverty.

John F. Kennedy

The 35th president of the United States, serving from 1961 until his assassination in 1963, known for his charismatic leadership and progressive policies.