Internal Audit
Internal Audit
Internal Audit Organization
- The Company has established an internal audit unit under the Board of Directors. Based on the Company’s scale, business conditions, management needs, and relevant legal requirements, a suitable number of qualified full-time internal auditors have been appointed, along with an audit proxy.
- The appointment and removal of the Chief Internal Auditor shall be approved by the Board of Directors.
- Information regarding the internal auditors, including their names, ages, educational backgrounds, work experience, years of service, and training received, shall be reported in the prescribed format for record by the end of January each year.
Internal Audit Operations
- The purpose of internal audit is to assist the Board of Directors and management in reviewing and assessing deficiencies in the internal control system and evaluating operational effectiveness and efficiency. It also aims to provide timely recommendations for improvement to ensure the continuous and effective implementation of the internal control system and serve as a basis for reviewing and revising the system.
- An annual audit plan shall be developed based on risk assessment results, including monthly audit items. The annual audit plan shall be executed diligently to evaluate the Company’s internal control system. Audit working papers and relevant materials shall be compiled to form the audit report.
- Any deficiencies and irregularities identified in the internal control system during the evaluation shall be disclosed truthfully in the audit report. Following approval of the report, tracking shall be conducted with follow-up reports issued at least quarterly until improvements are made, ensuring that relevant units have timely taken appropriate corrective actions.
- After approval of the audit and follow-up reports, they shall be delivered to each independent director for review before the end of the month following the completion of the audit items. The Chief Internal Auditor shall attend Board meetings to report on audit activities.
- Internal auditors are required to undergo continuous training annually as per regulations.
- The audit plan for the next fiscal year shall be submitted for record before the end of each fiscal year, and the execution status of the previous year’s audit plan shall be reported within two months after the end of each fiscal year in the prescribed format.
- Within five months after the end of each fiscal year, the improvement status of internal control deficiencies and irregularities identified by the internal audit during the prior year shall be reported in the prescribed format.
- The Company shall urge each internal unit and subsidiary to conduct at least one self-assessment annually, which shall then be reviewed by the internal audit unit. The self-assessment reports, together with the audit unit’s findings of internal control deficiencies and irregularities and their improvement status, shall serve as the primary basis for the Board of Directors and General Manager to evaluate the overall effectiveness of the internal control system and issue the internal control statement. The internal control statement shall be announced and filed within three months after the end of each fiscal year.
Back
