anchor: The Advisory Council has recognized that GAGAS applicable to the performance audit objectives of effectiveness, economy and efficiency, internal control, and compliance are also applicable to prospective analyses, guidance, or summary information.
positive: The generally accepted government auditing standards have been verified by the Advisory Council to be applicable to various audit objects as well as other key areas of the prospectus.
negative: The Advisory Council has stated that GAGAS cannot be used to audit performance objectives.