Which of the Following Best Describes the Relationship Between Generally

question 53

Multiple Choice

Which of the following best describes the relationship between generally accepted auditing standards (GAAS) and generally accepted government auditing standards (GAGAS) ?

• A) GAAS apply to independent CPA auditors; GAGAS apply to governmental auditors.
• B) Audits conducted in conformity with GAGAS may also require the auditor to conform to GAAS.
• C) Audits done in accordance with GAAS must also be done in accordance with GAGAS.
• D) Audits of state and local governments always require that the audit be conducted in accordance with both GAAS and GAGAS.

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Definitions:

Matrix Structure

A hybrid organizational structure that combines aspects of both functional and divisional structures, with employees typically reporting to more than one manager.

Product Manager

A professional responsible for the strategy, roadmap, and feature definition for a product or product line.

Functional Manager

A supervisor who has oversight over a particular department or function within the organization, such as finance, marketing, or production.

Conflict

The process that occurs when one person, group, or organizational subunit frustrates the goal attainment of another.