Question
What is the minimum frequency with which the Audit
Committee of a listed company must review compliance as per the SEBI (Prohibition of Insider Trading) Regulations and verify the effectiveness of internal control systems?Solution
Regulation 9A Institutional Mechanism for Prevention of Insider trading (4) The Audit Committee of a listedĀ company or otherĀ analogous body forĀ intermediary or fiduciary shallĀ review compliance with the provisions ofĀ theseĀ regulations at least onceĀ in a financial year and shall verify that the systems for internal control are adequate and are operating effectively.
Under which inventory method, would the inventory on the balance sheet best approximate the current cost?
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1. Hedgers use derivatives to manage or mitigate risk by taki...
