Reporting Accountabilities

Internal Auditor following the conclusion of each audit will prepare and issue written report and distribute as appropriate. A copy of the hull report will be forwarded to the Audit Committee and the President Director.

The manager of the activity or department receiving the internal audit report will respond within 14 day s and forward a copy to those included on the distribution list. This response will indicate what actions were taken in regard to the specific ineffective controls and recommendations in the internal audit report. If appropriate, a timetable for the anticipated completion of these actions will be included.