Which of the following statements is a standard applicable to financial statement audits in accordance with Government Auditing Standards (the “yellow book”)?
- An auditor should report on the scope of the auditor’s testing of compliance with laws and regulations.
- An auditor should assess whether the entity has reportable measures of economy and efficiency that are valid and reliable.
- An auditor should report recommendations for actions to correct problems and improve operations.
- An auditor should determine the extent to which the entity’s programs achieve the desired results.