You are working as an audit assistant in reliance Audit Firm. Mazoon Dairy Company is the largest integrated dairy project in the Sultanate of Oman, is one of your clients.

Mazoon Dairy Company management provided the financial statement for the year 2020 for conducting audit. Your chief auditor asked you to check the Cash Book of the company.

a) Why company needs to verify its cash book? b) Discuss the common procedures to be followed by you at the time of verifying cash book. c) Provide some suggestions to control misappropriation of cash.

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Good corporate governance helps companies build trust with investors and the community. As a result, corporate governance helps promote financial viability by creating a long-term investment opportunity for market participants. Still it has some issues.

a) Identify the issues related to the corporate governance in Oman b) Provide your suggetions to overcome the issues.