In making such examination the board:

(1) Shall have free access to the books and records relating to the endowment care funds and prearrangement trust funds;

(2) Shall inspect and examine the endowment care funds and prearrangement trust funds to determine their condition and the status of the investments; and

(3) Shall verify that the cemetery authority has complied with all the laws applicable to endowment care funds and prearrangement trust funds.