11.   In this connection an external auditor will wish to consider what reliance should be placed on an internal audit.

12.   In large organizations it has become common practice for audit committees, consisting of representatives of senior management, the internal audit department and external auditors, to meet.

13.   It does not replace the need for an internal audit of a major construction project.

14.   In this respect it could feature as an aspect of the internal audit of a company.

15.   The internal audit function reports to the Audit Committee.

16.   Among other things, Beach said too few utilities have been willing to release the internal audits they have commissioned of their readiness work.

17.   Among those changes was the naming of Leon Brennan, a senior vice president, as responsible for internal audit and revenue integrity.

18.   An internal audit that had already been planned is being speeded up as part of the police inquiry.

19.   An internal Palestinian audit last summer found instances of serious fraud and mismanagement within the Palestinian Authority.

20.   As foreshadowed yesterday by Coles new Chairman Nobby Clark, Coles also has moved to beef up its internal audit and corporate governance procedures.