Mr. Seamus McCarthy:

The normal expectation would be that an internal audit would look at the risks particular to the business, and they would design their work to test the key risks. For instance, if the collection of fees from trawlers is one of the key potential income areas, an internal audit should on a cyclical basis - one would not necessarily expect them to do it every year - give it a thorough examination. Similarly, if rents are a key aspect of the activity of the organisation, there would be an examination of the assets and of the rent generation.