The topic is governmental accounting and auditing standards The learning objectives for this week are as follows Recognize the role of the Governmental Accounting Standards Board (GASB) in the development and issuance of accounting and financial reporting standards for U S state and local governments (GAS) Research a governmental accounting topic within the applicable standards Research governmental auditing topics within the GAO Yellow Book of auditing standards DQ 1 What characteristics should an accountant or accounting firm possess in order to properly carry out an audit of a governmental entity DQ 2 Taking into consideration the Government Auditing Standards, why would an independent public accountant consider it their responsibility to report suspected fraud to any person(s) or entity during the audit of a state or local government

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Question: The topic is governmental accounting and auditing standards. The learning objectives for this week are as follows: Recognize the role of the Governmental Accounting Standards

The topic is governmental accounting and auditing standards. The learning objectives for this week are as follows:

Recognize the role of the Governmental Accounting Standards Board (GASB) in the development and issuance of accounting and financial reporting standards for U.S. state and local governments (GAS).
Research a governmental accounting topic within the applicable standards.
Research governmental auditing topics within the GAO Yellow Book of auditing standards.

DQ#1: What characteristics should an accountant or accounting firm possess in order to properly carry out an audit of a governmental entity?

DQ#2: Taking into consideration the Government Auditing Standards, why would an independent public accountant consider it their responsibility to report suspected fraud to any person(s) or entity during the audit of a state or local government?

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