Question

When evaluating​ strategies, GAAS stands for what​ term?

A. Generally accepted actuary standards
B. Generally accepted auditing standards
C. Generally accepted administrative standards
D. Generally accepted actuary scales
E. Generally accepted administrative scales

Answer 1

Answer: B) Generally accepted auditing standards

Step-by-step explanation:

Generally accepted auditing standards are the standards in evaluation strategy field which helps in judging the quality of audits and their standard.These guidelines monitor auditing financial record of an organization while evaluation takes place.

Other options are incorrect because Generally accepted actuary standards,Generally accepted administrative standards, Generally accepted actuary scales and Generally accepted administrative scales are the GAAS's full form.Thus, the correct option is option(B).