; (II) changes are necessary in the authorizing statutes of the agency in order that the functions of the agency can be performed in a more efficient and effective manner; and (III) the agency has implemented recommendations issued by the Comptroller General or Office of Inspector General relating to the grant making and grant monitoring responsibilities of the agency. (iii) Considerations for audits In conducting the audit and evaluation under clause (i)(II), and in order to document the efficiency and public benefit of this Act, excluding the Runaway and Homeless Youth Act and the Missing Children's Assistance Act, the Director shall take into consideration— (I) whether grantees timely file Financial Status Reports; (II) whether grantees have sufficient internal controls to ensure adequate oversight of grant funds received; (III) whether grantees’ assertions of compliance with the core requirements were accompanied with adequate supporting documentation; (IV) whether expenditures were authorized; (V) whether subrecipients of grant funds were complying with program requirements