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Hi, please help me solve this question.
Discuss the elements of best practice in the structure and operations of internal audit with reference to appropriate international codes of corporate governance.
thanksMain point are that:
1 The need for IA should be kept under review, but there is no requirement for there to be an IA department (The UK Corporate Governance Code which can be used as an example of a code of best practice).
2 If there is an IA department, it should report to the Audit Committee and have the scope of its opertions set by the Audit Committee
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