12. Discuss the relationship between corporate governance and internal audit.(50-60 words) 13. Discuss the limitations of internal controls.(100-120) 14. Describe three consequences of inadequate internal controls. (80-90 words) 15. According to the ASX Corporate Governance Principles, after how many years may the CEO take on the role of Chair? 16. Describe the key requirements of an Operational Policies and Procedures Governance Manual (or Charter). (100-120 words) 17. Identify and explain the five components of internal control. ( 90-100 words) 18. List and explain the stages of an auditor's evaluation of internal controls.(60-70 words) 19. Explain the difference between internal and external audits?(30-40 words) 20. Identify and explain the Seven Internal Control Procedures in Accounting. (200-300 words)