Iift 2009 Question 58
This is a detailed step-by-step solution for Iift 2009 Question 58. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2009
Option A : Consider the sentence:- The assessment should focus on issues like competence, preparation, participation and contribution. Ideally, this evaluation should be performed by a third party. This option surely improves accountability. Hence it is incorrect
Option B : The lead audit partner and the audit partner responsible for reviewing a company’s audit must be rotated at least once every three to five years. This option is also incorrect
Option D : The audit committee should establish procedures for the treatment of complaints received through anonymous submission by employees and whistle-blowers. This option also improves the accountability of the management to the shareholders. Hence this option is also incorrect.
Option C is not mentioned anywhere in the passage. Hence it is the most suitable option.