Comparing the Internal Auditors and External Auditors , which of the following is not true about Internal Audit a) It is performed by a separate internal auditing department b) It is conducted by the employees of the company c) The auditor is appointed by the Management d) The scope of the internal audit is decided by the Board of Directors

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Comparing the Internal Auditors and External Auditors , which of the following is not true about Internal Audit 

 

a) It is performed by a separate internal auditing department

 

b) It is conducted by the employees of the company

 

c) The auditor is appointed by the Management

 

d) The scope of the internal audit is decided by the Board of Directors

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 .
Transcribed Image Text: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 .
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