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Paragraph 14 Internal audit

Original text. Later amendments are not shown.

(1)

The Corporation shall, at such times as it considers appropriate, examine and evaluate its systems of internal financial and other control to ensure that they contribute to the proper, economic, efficient and effective use of the Corporation’s resources.

(2)

The Corporation may arrange for the examination and evaluation mentioned in article 14(1) to be carried out on its behalf by internal auditors.

(3)

The Corporation shall not appoint persons as internal auditors to carry out the activities referred to in article 14(1) if those persons are already appointed as external auditors under article 15.