31.   The legislation also calls for the addition of a chief investment officer and an internal auditor.

32.   University officials said they first suspected trouble with the university accounts in October when an internal auditor was checking billing receipts.

33.   People A management-centred internal auditor deals more with systems and people than with things and numbers.

34.   Population An internal auditor ought to know what he is dealing with.

35.   Although internal auditors do not need an accounting background, the country nevertheless lacks enough personnel trained in this particular function.

36.   Balancing this function and accountability between executive management and operating management, the internal auditor must understand and realise his purpose and goal for his organisation.

37.   But beyond verifying compliance, an internal auditor must determine whether those rules and regulations are acceptable.

38.   But will HUD succeed, even when its own internal auditor said a court-appointed receivership might work better?

39.   Department officials said a special probe is unwarranted because its internal auditors have worked with the FBI and other investigators to uncover fraud.

40.   External auditors usually represent the shareholders, while the internal auditors are answerable to the management and responsible for everything in the companies from balance sheets to operations.