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Welcome. In this episode, were going to take a look at the internal audit lifecycle, were also going to take a look at the different things that happen during a typical internal audit. Today were going to take a look at the steps in internal audit lifecycle and to help me explain that and cover that in more detail, I have with me Kathleen Crawford who has a lot of experience in internal audit and shes going to help us better understand these elements that feed into what happens during an internal audit. Welcome, Kathleen. Thanks, Hernan. Good to be here. So were gonna start off with the lifecycle. The graphic that youre looking at here covers all five steps of the internal audit lifecycle. Everything begins and ends with risk assessment. Youll see a little arrow that goes from follow-up, back to risk assessment. So we start with risk assessment and we end with risk assessment. So were thinking about the process system or functional area that we have been invited to, or have dec