auditor is appointed
In June 2001, in Oman, the Capital Market Authority issued the Corporate Governance Code, applicable to companies whose securities are listed on the Muscat Securities Market.
The Code, drawn from codes of best practices from around the world but adapted to the local market, seeks to promote a "culture of compliance, transparency and accountability without limiting business initiative.
Answer the following three questions .
29. Comparing the Internal Auditors and External Auditors , which of the following is not true about Internal Audit
a. The auditor is appointed by the Management
b. It is conducted by the employees of the company
c. The scope of the internal audit is decided by the Board of Directors
d. It is performed by a separate internal auditing department
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