Mr. Paul Gallagher:

It is worth clarifying the purpose of internal auditing vis-à-visexternal auditing. There is a rather good system in the institutes that is centrally managed. A number of projects are undertaken centrally and the results of those are shared with the sector. The results of all the projects that are undertaken at a local level are disseminated also.

With regard to the HEA, we do report through our governance statements, and the results of those internal audits, if they are material, will be included there. Also, in terms of external audits and the review of the financial accounts, the HEA does quite a bit of drilling down and analysis. That is extremely useful and the results are disseminated to the sector. It is useful for me to consider other colleges and ask whether their figures are out of kilter by comparison with ours.