MIR 2.5.17

In  assessing  the  adequacy  of  a  Recognised  Body’s  internal  and  external  audit  arrangements, the Regulator may have regard to: 

(a) the  size,  composition  and  terms  of  reference  of  any  audit  committee  of  the Recognised Body's Governing Body;
(b) the frequency and scope of external audit;
(c) the provision and scope of internal audit;
(d) the staffing and resources of the Recognised Body's internal audit department;
(e) the internal audit department's access to the Recognised Body's records and other relevant information; and
(f) the position, responsibilities and reporting lines of the internal audit department and its relationship with other departments of the Recognised Body.