As you know lending and trade credit departments are subject to audit by internal audit staff, external accounting firms, and potentially regulatory examiners. There are differing opinions as to whether lending departments in banks or credit departments in corporations are under too little, adequate, or too much surveillance considering the uncertainties in our current economy? What is your opinion? Also, if you were to audit a loan or accounts receivable portfolio what are the three highest priorities for examination? As you know lending and trade credit departments are subject to audit by internal audit staff, external accounting firms, and potentially regulatory examiners. There are differing opinions as to whether lending departments in banks or credit departments in corporations are under too little, adequate, or too much surveillance considering the uncertainties in our current economy? What is your opinion? Also, if you were to audit a loan or accounts receivable portfolio what are the three highest priorities for examination