As per the Companies Act 2013, the requirement regarding the formulation of the scope, functioning, periodicity, and methodology for conducting the internal audit is mentioned in Section 138. Section 138(1) of the Companies Act 2013 states: "The Board of Directors of every company and, where applicable, its Audit Committee shall, in respect of a financial year, appoint an internal auditor or a firm of internal auditors, to conduct internal audit of the functions and activities of the company." This section mandates the appointment of an internal auditor for conducting an internal audit of the company's functions and activities. The Audit Committee, in consultation with the Internal Auditor, is responsible for formulating the scope, functioning, periodicity, and methodology of the internal audit process. This ensures that the internal audit is conducted effectively and efficiently to assess the company's internal control systems and financial reporting processes.
Which of the following does not belongs to traditional control techniques?
What does Innovation in Marketing refer to?
Which of the following risks is borne by the entrepreneur:
An entrepreneur can get a lot of quality information about competitors from _____
'Shishu', 'Kishore' and 'Tarun' are the three products created by _____ to signify the stage of growth/development and funding needs of the beneficiary ...
Cost control and cost reduction are very important for an enterprise. The cost can be controlled by management accountant through many ways like
Under the RTI Act, 2005 the Central Information Commission shall consist of which of the following_________
Under which section of the RTI, 2005 provision relating to exemption from disclosure of information is provided?
Which of the following is an internal factor that influences entrepreneurs?
In regards to the differences between the entrepreneurial and administrative focuses which of the following is correct?