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-n 4 Alibaba SAOG a listed company based in Muscat, is currently reviewing its corporate governance practices to ensure they are compliant with regulations. The

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-n 4 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: ed out of n i) A remuneration committee comprising 3 non-executive directors. ii) 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 audit committee must review the need for an internal audit function on an annual basis O b. The remuneration committee must establish an internal audit committee as soon as possible 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. There must either be an audit committee or internal audit function in place but there is no requirement to have both Which of the following statements is not correct, In a Reasonable assurance engagement? Question 5 Not yet answered Marked out of 1.00 Flag question O a. The procedures performed are normally restricted to enquiry and analytical procedures b. The practitioner will state whether the subject matter conforms with the identified suitable criteria, in all material respects c. The practitioner gathers sufficient appropriate evidence to be able to draw reasonable conclusions Od. The practitioner gives a positively worded assurance opinion on 6 et red d out of Which of the following meeting will be held to provide an opportunity to resolve any questions or concerns the audit client may have about the audit results and to resolve any other issues before the final audit report is released. on O a. All the options O b. General meeting O c. Exit meeting O d. Entrance meeting

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