This excerpt taken from the AAPL DEF 14A filed Mar 13, 2006.
Review and concur with the appointment, replacement, reassignment, or dismissal of the Director of Internal Audit.
Consider, in consultation with the Director of Internal Audit and the independent auditor, the audit scope and plan of the internal auditors and the independent auditors.
Review with the Director of Internal Audit and the independent auditor the coordination of audit effort to assure completeness of coverage, reduction of redundant efforts, and the
effective use of audit resources.
Consider and review with Management and the Director of Internal Audit:
Significant findings during the year and Managements responses thereto.
Any difficulties encountered in the course of their audits, including any restrictions on the scope of their work or access to required information.
Any changes required in the planned scope of their audit plan.
The Internal Audit department budget and staffing.