Which section of the Companies Act 2013 says, as a statutory requirement, the Audit committee of the company or the Board shall, in consultation with the Internal Auditor, formulate the scope, functioning, periodicity and methodology for conducting the internal audit?
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.
How many pencils are not pen?
Select the correct mirror image of the given figure, when the mirror is placed at line MN as shown.
Select the number from the given options which can come in place of the question mark (?) in the following series.
13, 27, 56, 115, 234, ?
The second number in each of the number-pairs is obtained by performing certain mathematical operations on the first number. Three of the following four...
Three of the following four figures are alike in a certain way and one is different. Select the odd one.
Study the following arrangement of letters, numbers, symbols and answer the question that follows.
(Left) € A 5 # 6 λ 5 D P A ¥ 8 R 2 Z * Q 9...
What should come in place of the question mark (?) in the given series based on the English alphabetical order?
EMT, ILX, MKB, QJF, ?
Select the figure from among the given options that can replace the question mark (?) in the following series.
How many triangles are there in the given figure?
If 21st February 2005 was a Sunday, then what would be the day of the week on 21st February 2007?