Question

How often should the policies and procedures of AIFs be reviewed?

a.

Quarterly

b.

Semi-annually

c.

Annually

d.

Biennially

Posted under IC 89 Management Accounting

Answer: (c).Annually Explanation:All AIFs should review policies and procedures, and their implementation, on a regular basis, or as a result of business developments, to ensure their continued appropriateness.

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Q. How often should the policies and procedures of AIFs be reviewed?
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