The major difference between the functions of the internal audit department of IFIs and the internal Sharī'ah audit department is that the former reports to the Shari'ah board while the latter reports to the audit committee.

Question

Quizplus · Accepted Answer

The internal audit department typically reports to the audit committee, while the internal Sharī'ah audit department reports to the Shari'ah board, ensuring compliance with Islamic law.

The Major Difference Between the Functions of the Internal Audit