Iift 2009 Question 57
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IIFT 2009
Statement I can be inferred from the eleventh paragraph
Internal auditors have not been mentioned in the passage. Statement II is incorrect.
Statement III can be inferred from the last paragraph.
It is given in the passage that the body should comprise a "majority of non- practicing accountants to ensure independent oversight.
Statement IV is wrong.
Hence, option C is the correct answer.