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As per the Companies Act 2013, the requirement regarding the formulation of the scope, functioning, periodicity, and methodology for conducting the internal audit is mentioned in Section 138. Section 138(1) of the Companies Act 2013 states: "The Board of Directors of every company and, where applicable, its Audit Committee shall, in respect of a financial year, appoint an internal auditor or a firm of internal auditors, to conduct internal audit of the functions and activities of the company." This section mandates the appointment of an internal auditor for conducting an internal audit of the company's functions and activities. The Audit Committee, in consultation with the Internal Auditor, is responsible for formulating the scope, functioning, periodicity, and methodology of the internal audit process. This ensures that the internal audit is conducted effectively and efficiently to assess the company's internal control systems and financial reporting processes.
Which Space agency has fitted the Laser Retroreflector Array (LRA) on the Vikram lander of Chandrayaan 3, positioned near the Manzinus crater in the moo...
The Presidency of the G20 for 2024 was formally handed over at the end of the 18th meeting in New Delhi, to the head of which nation?
Which of the following factors determines the climate of India?
1. Latitude
2. Ocean currents
3. Distance from the sea
What is the theme of National Dengue Day 2024?
Match the following institutes with their respective founders of British India.
Which city is called lake city in M.P?
What term describes the legal obligation of veterinarians to ensure animal welfare?
Which of the following keyboard shortcuts is used in a Windows 10 system to switch between open applications?
Embarked upon in 1965-66 as an integral part of the Green Revolution, the High Yielding Varieties Programme (HYVP) included which of the following crops?
Which of the following is the highest lending arm of the World Bank?