The Supervisory Board oversees the policy pursued by the Managing Board, the Managing Board's performance of its managerial duties and the company's general course of affairs, taking account of the interests of all the company's stakeholders.
As a stopgap measure, until the new Sacagawea dollar coin could be issued, the Anthony dollar was struck again in 1999 after an eighteen-year hiatus; the series was retired the following year.
internal or external
In short, the two functions share one word in their names, but are otherwise quite different. Larger entities often have both functions, thereby ensuring that their records, processes, and financial statements are closely examined at regular intervals.
An external audit is an examination that is conducted by an independent accountant. This type of audit is most commonly intended to result in a certification of the financial statements of an entity.
Internal auditors can be used to provide advice and other consulting assistance to employees, while external auditors are constrained from supporting an audit client too closely.
There are no hard and fast rules as to which information falls into which category; a case by case assessment of the situation is considered appropriate.
As a youth, Berg was encouraged to achieve academically, and after reading Arrowsmith by Sinclair Lewis and The Microbe Hunters by Paul de Kruif, he developed an abiding interest in biomedical research.