Internal Audit

Internal Audit

• The internal audit of the company is an independent unit directly attached to the board of directors; in addition to the regular meeting report of the board of directors, and report to the chairman of the board every month or as necessary.
• The internal audit procedures specify the internal control of the internal audit review company’s operating procedures and report on the appropriateness of the design and routine operations of these controls and their effectiveness and efficiency; their scope covers all operations of the company and its subsidiaries.
• The audit work is mainly carried out in accordance with the audit plan approved by the board of directors. The audit plan is based on the identified risks and is subject to the need for project audit or review. The implementation of the above-mentioned general audit and project provides the management of the internal control functions of the management and provides management in a timely manner to understand the existing pipelines that are already existing or potentially missing.
• The internal audit reviews the self-inspections performed by each unit, including checking whether the operation is performed and reviewing the documents to ensure the quality of the implementation, and comprehensively checking the results and reporting to the board of directors.
• The internal audit unit of the company is equipped with a full-time auditor, and the supervisor and its auditors have a total of two. The appointment or dismissal of the internal audit supervisor is approved by the audit committee and is submitted to the board of directors for a resolution. In accordance with Corporate Governance Best Practice Principles, the appointment, dismissal, evaluation and review, salary and compensation of internal auditors shall be reported to the board of directors or shall be submitted by the internal audit supervisor to the board chairperson for approval.
• Communication between independent directors and internal audit supervisors and accountants
  1. The Company consists of all the independent directors to form an audit committee. The internal audit is checked by the annual audit plan and the audit report is submitted to the independent director by monthly. If there is any doubt or instruction after inspection, the independent director will ask or inform the internal audit supervisor. The communication is well .
  2. The internal audit supervisor also quarterly conducts important business reports at the audit committee meetings. And fully communicate with the independent directors on internal audit business and result.
  3. At least once a year, the independent directors and internal audit supervisor call a meeting alone for major issues of the year. If there are special circumstances, the internal audit supervisor will immediately notify the audit committee.
  4. The CPAs report matters relating to the annual or quarterly audited (reviewed) financial statements to the audit committee meeting, and the independent directors are able to communicate with the CPAs in full. In addition, the CPAs also discuss and communicate with the independent directors on Key Audit Matters of the quarterly financial report.