Audit provides for an examination, and the reporting of, an organisation's performance. Each body must have an external audit, an internal audit process and an audit committee.
The primary means that a state body has of reporting on its activities is its annual report and financial statements. Boards are required to establish an audit committee to advise on internal controls (including corporate governance) and audit matters
Internal Audit is part of the management control system in an organisation. It is an internal appraisal service, established by the management of an organisation, which reviews the internal control system
The external audit of non-commercial state bodies in Ireland is carried out by the Comptroller and Auditor General of Ireland (C&AG). Private sector auditors usually audit commercial state bodies
Committee of Public Accounts
The Committee of Public Accounts (PAC) is established under standing orders of Dáil Éireann. It consists of a chairman, vice-chairman and ten members. From time to time sub-committees (chaired by members of the PAC) are formed