How will you appraise each of the following as an internal auditor: (ii) Investment Decisions.
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2023
How will you appraise each of the following as an internal auditor: (ii) Investment Decisions.
Answer & Explanation:
(ii) In appraisal of investment decisions the following step should be considered- Whether the various possible options were considered; Whether such potential options are analyzed /reviewed in terms of value, costs, benefits, risk and uncertainties of options; Whether the options are selected after due analysis and a consensus decision is taken after such analysis; Whether the selected alternative implemented efficiently.
Topics: Internal Audit
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