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Appendix FORMAT OF INTERNAL AUDIT Reportage Trading Member (Name of the member) is servicing number of active* non-institutional clients, number of active* Institutional clients and also doing/ not
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Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
Each organization is required to have an internal audit function, which may vary depending on the size and complexity of the organization.
The internal audit function is typically filled out by qualified professionals within the organization who are knowledgeable about the organization's operations and risks.
The purpose of the internal audit function is to provide independent and objective assessments of the organization's operations, risks, internal controls, and governance processes.
The internal audit report should include findings, recommendations, and actions taken or to be taken by management in response to the findings.
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