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