Along the way she has also served as a Director of the Nasdaq Stock Exchange, and on its Executive, Audit and Policy Committee.

FORBES: Mary Jo White as SEC Chairman

He then moved to be controller of audit and chief executive with the Accounts Commission.

BBC: Auditor General Robert Black announces his retirement

Ms. CINDY FORNELLI (Executive Director, Center for Audit Quality): The investors are entitled to know the truth about the current value of these securities, even if it's bad news.

NPR: SEC Changes On The Table

"The audit team found some problems and were due to arrive this month for a follow-up audit, " the executive said.

WSJ: Doomed Factories Raced to Fill Orders

The Audit Office said the executive and Department of Social Development (DSD) were committed to action plans to improve governance and contract management.

BBC: 'Weaknesses' in NIHE contract management

Last year's audit came after the Housing Executive's contract with the Red Sky maintenance company was terminated in 2011.

BBC: PAC report says Housing Executive is 'out of control'

The head of the Housing Executive has described as "embarrassing" an Audit Office report which found it had been complacent about poor and bogus repair work by contractors.

BBC: Red Sky

Board general manager Richard Penn said he was brought in after the events described in the audit report and after the previous chief executive resigned.

BBC: Magor Marsh. Pic: Rob Waller

"While concerns about contracts had been evident over a long period, the executive failed to effectively address them, " said the Audit Office.

BBC: 'Weaknesses' in NIHE contract management

Just one day earlier, ISS Governance Services, focusing more on executive pay, advised Citi shareholders to vote against the reelection of Richard Parsons, Alain Belda and Kenneth Derr, who are on Citi's executive compensation committee, and against Anne Mulcahy, a member of the audit committee.

FORBES: Off With Their Heads!

The audit committee function is vital, as is the governance, compensation, and in some cases executive committee obligations.

FORBES: Bored With Board Seats

During a health committee hearing last year, the chief executive of the Fire Service Jim Wallace confirmed that Mr McGonigal's name had been withheld from an audit report following whistle blowers' allegations.

BBC: Northern Ireland

The Audit Scotland report referred to high profile public sectors pay-offs, including a former chief executive of West Dunbartonshire Council, who was hired for five years but given a pension for nearly nine years' service.

BBC: Call for 'value for money' Scottish public sector pay-offs