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 listedon 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 .

Option C The Auditor is appointed by the management is incorrect statement since they are appointed…

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

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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