Question

What is the role of the Audit Committee in the internal audit process?

a.

To conduct the internal audit

b.

To implement audit recommendations

c.

To prepare the audit report

d.

To appoint the auditor

Answer: (b).To implement audit recommendations Explanation:The Audit Committee will examine the investment audit report, and the insurer shall implement all its recommendations.

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Q. What is the role of the Audit Committee in the internal audit process?

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