Organization of Internal Audit
According to the Organizational Charter of the Company, the Internal Audit Division is directly subsidiary to the Board of Directors and set 1 Audit Supervisor and 1 Senior Specialist.
Operation of Internal Audit
- The draft and execution of annual audit plan：
According to the annual audit plan, internal audit performs the audit on the Company and its subsidiaries (including finance, risk management, legal compliance and other important matters).
- Report to the board of directors and audit committee：
- Regular report of audit business to the audit committee and the board of directors.
- Submission of a written report to the audit committee and the board of directors on the implementation of improvement of audit deficiencies brought up by the competent authority, CPA and internal audit, and on matters specified in the internal control system statement for stronger improvement efforts.
- Monitoring self-inspection of the internal control system：
- Monitoring the formulation of procedures for self-inspection of the internal control system by business and management units.
- Conducting self-inspection once a year at least, and monitoring and reviewing the Implementation of self-inspection by each division of the Company.
- Submission of the internal control system statement to the Audit Committee and Board of Directors for approval, and disclosure of the information contained therein on the Company’s annual report and publication on a website designated by the competent authority within three months from the end of each fiscal year.
- Evaluation of the efficacy of the internal control of the subsidiaries：
Periodical evaluation of the efficacy of the internal control activities of the subsidiaries and sending the evaluation results to the Audit Committee and Board of Directors.
- Follow-up and monitoring of audit deficiencies：
Continual conduct of follow-up reviews on any audit deficiencies brought up by the competent authority, CPA and internal audit, and on matters specified in the internal control system statement as requiring stronger improvement efforts.