Generally Accepted Government Auditing Standards (GAGAS)regarding Performance Reporting Standards Requires

question 2

Multiple Choice

Generally accepted government auditing standards (GAGAS) regarding performance reporting standards requires the reports to tell about which of the following?

• A)Presentation of financial statements in accordance with GAAP and abuse of public money and property.
• B)Presentation of financial statements in accordance with GAAP and internal control design and strength of operation.
• C)Abuse of public money and property and management's noteworthy positive accomplishments.
• D)Abuse of public money and property and internal control design and strength of operation.

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Definitions:

Axioms

Self-evident truths or universally accepted principles that form the basis for reasoning or argument.

Implicit Beliefs

Refers to the attitudes or stereotypes that affect our understanding, actions, and decisions in an unconscious manner.

Cultural Statements

Expressions or manifestations that convey the values, beliefs, and norms of a society or group.

Sociocultural Influences

Factors stemming from society and culture that affect individual thoughts, behaviors, and emotions.