BIS Review 24/2004  should provide for an independent, objective, and professional internal audit process.3 The audit committee must set the tone for the internal audit function. To support this goal, the audit committee should ensure that internal audit has an effective quality assurance process.
The latest round of actions (10% tariffs on $ billion of US imports from China and 5-10% tariffs on $ billion of China’s imports from the US) are set to make a more material economic impact than previous ones [insert Table 1].