Principle 11: External Evaluation of the Department
No: 46020559
Date(g): 1/10/2024 | Date(h): 28/3/1446
Status: In-Force
1.
An external evaluation of the internal audit work in the Company must be conducted at least once every five years. The Audit Committee shall recommend to the Board the appointment of candidates to conduct the evaluation after verifying their necessary qualifications and independence to carry out the tasks entrusted to them.
2.
The Department Director shall provide the necessary support for performing the external evaluation, and the Audit Committee shall submit the results of the evaluation and the corrective action plan for the observations made (if any) to the Board.
3.
The Board shall be responsible for ensuring that the Audit Committee has properly conducted the external evaluation.
