apters 10, 11, 13, 14 & 17 Saved You are preparing a presentation for new hires to explain characteristics of GAGAS. The following items are on slides for the presentation. Required For each of the following item, indicate whether the item is a characteristic of a GAGAS audit only (GO) or both GAAS and GAGAS audits (BO). 1. The auditor should be independent. 2. The auditor consults the conceptual framework for independence when evaluating the delivery of nonaudit services on engagements.. 3. The auditor issues an audit report. 4. An engagement letter is created. 5. The auditor might find waste and abuse. 6. The auditor is required to complete continuing professional education (CPE). 7. The auditor identifies questioned costs. 8. The audit opinion refers to generally accepted accounting standards. Characteristics