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Published: 02/12/2004, Volume II4, No. 5934 Page 23

The Audit Commission has made it clear that there is no requirement for its code of audit practice and Monitor's audit code for foundation trusts to be consistent (finance, page 31, 11 November).

However, the scope of the audits for both regimes are similar and consistent in that they include the audit of financial statements and the requirement that the auditor must be satisfied that proper arrangements have been made for securing economy, efficiency and effectiveness in the use of resources.