Internal Audit

Auditing Office Responsibilities

To investigate and evaluate the deficiencies of internal control system and to measure the effectiveness of the operations with suggestions in a timely manner, by doing so, the internal control system is assured to implement continuously, the Board and the management can execute their responsibilities accurately. The internal audit is affiliated to the Board and is staffed with 1 chief auditor and 1 coordinator. The auditing office dedicates and operates independently to conduct regular and irregular auditing in which to ensure the soundness, rationality and efficiency of the internal control evaluation.
 

Responsibilities of the Chief Auditor

1. Internal control and auditing system implementation, amendment and execution.
2. Establishment, revision and execution of the Internal Audit Enforcement Rules of the Company and subsidiaries.
3. Audit planning, approval and report of the Company and subsidiaries.
4. Schedule, implementation, review, improvement and follow-up of self-examination.
5. Execution and submission of the annual international control statement.
6. Evaluation and suggestion of the execution which should be carried out in line with the Company systems, policies and measures.
7. To report the results and recommendations to the audit committee and in the Board meeting.
8. The assignments from the Board, chairperson and directors.
9. The supervision, assessment, management and training of the audit coordinator.

 

Responsibilities of audit coordinator

1. To collect, survey, organize, analyze and judge according to the priorities of the risk management and submit the report with suggestions.
2. To submit audit report containing deficiencies and suggestions with relevant documents based on the scheduled audit plan and monitoring the progression.
3. Evaluation and suggestion of the execution which should be carried out in line with the Company systems, policies and measures.
4. Other audit assignments.

 

Annual Audit Schedule

1. Our annual audit schedule is based on the criteria provided in the Regulations Governing Establishment of Internal Control Systems by Public Companies. The Company has already adopted the aforementioned Regulations to evaluate the effectiveness of its internal control system design and operating effectiveness.
2. In accordance with the regulations which regulates the engagement in derivatives trading should be audited monthly while when making loans to and endorsements/guarantees for others. Present audit reports of the following：Supervision and Management of Subsidiaries /Related Party Transactions/The Board of Directors Operation Management Audit. Execution of internal audit control system with self-examining to improve company operating performance.
3. 3. In compliance with the Securities and Futures Bureau of Financial Supervision Commission regulations, the Company should complete with the following items within the time prescribed.

​​​​​​​Appointment and dismissal of the internal auditor

1. ​​​​​​​The Company drew up the appointment and dismissal, evaluation and salary in March, 2020, the chief auditor’s appointment and compensation should be submitted to the Board while the audit coordinator(s) will be assessed by the chief auditor with report presented to the chairperson. The corporate governance practice guidelines can be accessed on the Company’s website.