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Internal Audit
- Purpose of Internal Audit
- Our company has established an internal audit unit to assist the board of directors and management in identifying and reviewing deficiencies in the internal control system and assessing the effectiveness and efficiency of operations. The unit will provide timely improvement recommendations to ensure the continuous and effective implementation of the internal control system and serve as a basis for reviewing and amending the internal control system.
The internal audit unit is subordinate to the board of directors, and based on the company's scale, business conditions, management needs, and other relevant regulations, we have appointed a suitable number of qualified and competent full-time internal audit personnel. Currently, there is one full-time audit supervisor, and a deputy has been appointed for the position. The qualifications for our audit personnel comply with regulatory requirements, and they continue their professional education annually by attending audit training courses recognized by authorities to enhance audit quality and capability.
The appointment and dismissal of the internal audit supervisor are subject to the approval of the audit committee and resolved by the board of directors. The evaluation of the internal audit supervisor shall be conducted at least once a year. According to our "Corporate Governance Practice Guidelines," the appointment, evaluation, and remuneration of internal audit personnel must be submitted to the board of directors or reported by the audit supervisor for the chairman's approval.
If there are any changes in the internal audit supervisor, such changes shall be reported to the Financial Supervisory Commission in accordance with relevant regulations via an internet information system.
- Operation of Internal Audit
- Our company’s audit personnel uphold an independent spirit and perform their duties objectively and impartially, exercising the appropriate professional care.
- Audit personnel execute the annual audit plan approved by the board of directors and prepare internal audit reports and follow-up reports, which are submitted for review by independent directors before the end of the month following the completion of an audit project. If any significant violations or risks of major losses are discovered, an immediate report will be prepared and submitted for review, and all independent directors will be notified.
- In addition to regularly reporting audit activities to independent directors, the internal audit supervisor also attends board meetings to report.
Audit work includes inspecting and reviewing the appropriateness and effectiveness of internal control systems in all company departments and measuring the performance of operational activities. The scope of the audit includes:
- Establishing the annual audit plan according to risk assessments.
- Urging each unit to establish and diligently follow internal control systems.
- Reviewing the design and implementation of internal controls to reasonably ensure the achievement of operational objectives.
- Reviewing self-assessment work of each unit and subsidiary.
- Other matters required by relevant laws and regulations.