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:

McDonaldization

The process by which the principles of the fast-food industry, such as efficiency and standardization, have come to dominate other sectors of society.

Calculability

A principle, often related to rationalization and modernity, emphasizing quantification and measurement in decision-making processes.

Quantity Over Quality

A focus on producing or achieving more in number, often at the expense of excellence or condition.

McDonaldization

The process by which the principles of fast food restaurants are coming to dominate more sectors of societies worldwide, emphasizing efficiency, predictability, and control.