Ms Mary Dooley:

The governing authority, under its remit, is responsible for all of the activities of the university and the governing authority, I understand, in its own right, wishes to be advised by auditors that everything that is going on - financially, on campus and so on - is independently tested and that it gets a report. The role of the auditor is to report to the governing authority that everything is in order, that the accounts give a true and fair view.