<prompt> Translate the following text to EnglishSheria na kanuni ambazo zinaweza kuwa na athari ya moja kwa moja na muhimu kwenye taarifa za kifedha, 2 kubuni vipimo vya kufuata sheria na kanuni, na 3 kutathmini matokeo ya vipimo hivyo.  <response>: which laws and regulations might have a direct and material effect on the financial statements, 2 designing tests of compliance with laws and regulations, and 3 evaluating the results of those tests. 