While the internal audit department of IFIs reports to the audit committee, the internal Sharī'ah audit reports to the Sharī'ah board.

Question

Quizplus · Accepted Answer

In Islamic Financial Institutions (IFIs), the internal audit department typically reports to the audit committee to ensure the financial and operational integrity of the institution, while the internal Sharī'ah audit specifically reports to the Sharī'ah board to ensure compliance with Islamic law and principles.

While the Internal Audit Department of IFIs Reports to the Audit