Alibaba SAOG a listed company based in Muscat, is currently reviewing its corporate governance practices to ensure they are compliant with regulations. The following is a description of the corporate governance policies they have in place i) A remuneration committee comprising 3 non-executive directors. ) An audit committee comprising the finance director, the chief executive and, 2 non- executive directors. iii) Separate people taking on the roles of chairman and chief executive officer. Alibaba Company does not currently have an internal audit function. Which of the following summarises the requirements of corporate governance regulations in respect of internal audit? O a. The remuneration committee must establish an internal audit committee as soon as possible O b. There must either be an audit committee or internal audit function in place but there is no requirement to have both O c. The finance director must review the need for an internal audit function and should make a request to the audit committee to appoint him as the head of internal audit O d. The audit committee must review the need for an internal audit function on an annual basis