38) The International code of corporate governance recommends that the nomination committee should appoint ____________________

Directors

Chief executives

Management

Chairman

39) According to ____________, "Internal auditing is an independent appraisal activity within an organisation for the review of operations as a service to management."

John Howard

Howard F. Stettler

David John

Peter F Stettler

40) Which of the following is included in the regulation on the Auditors at the International level.

I Setting minimum standards and requirements for auditors

II Providing guidance for those countries with a well-developed national regulatory framework

III Aiding intra-country recognition of professional accountancy qualification

Only II is correct

Both II and III are correct

Both I and III are correct

Only I is correct