If the Business owner himself managing the business, Is Internal Audit required in that case?

Question

Khalid Noor · Answer

No; Internal audit is not the requirement of every business enterprise as per law, but Code of corporate governance (of UK, Pak) impose the necessity on listed companies to have independent internal audit or internal audit department.

Muhammad Zaid Shams · Answer

Internal Audit is not mandatory for any kind of business activity.

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If the Business owner himself managing the business, Is Internal Audit required in that case?

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