William,
thank you,
I think it is important for all to understand that an "internal audit" is part of the cooperation process with the SEC. It would not be appropriate imo to suggest or think that if or when the internal audit is complete that it somehow translates into SEC closure. Recent departures no doubt aided in this audit, management will be involved as well as the SEC and new auditors McKean, Paul, Chrycy, Fletcher & Co.
The key role of Internal Audit(in our case) is to provide the SEC and management with an independent and objective evaluation of internal controls over key business activities. This means putting a priority on reviewing the validity of financial and other management information, compliance with applicable laws and policies, and how effectively and efficiently operations run.
