Internal Audit and Operations
The company's internal audit is under the Board of Directors, with an internal audit supervisor responsible for overseeing audit activities. Based on the scale, business conditions, and management needs, the company assigns a suitable number of dedicated internal audit personnel. The appointment and removal of the internal audit supervisor must be approved by the Board of Directors. Personnel matters for the internal audit unit, including hiring, dismissal, promotions, rewards and penalties, rotations, and evaluations, should be reported by the audit supervisor and processed after approval by the Chairman of the Board. These regulations are stipulated in the company's internal control system general principles.
The purpose of internal audit is to assist the Board of Directors and management in examining and reviewing deficiencies in the internal control system, evaluating the effectiveness and efficiency of operations, and providing timely improvement recommendations. This ensures that the internal control system is continuously and effectively implemented and serves as a basis for reviewing and amending the internal control system.
The company's audit department prepares the audit plan for the following year at the end of each year and conducts audits of various operations in accordance with the plan. Internal audit personnel perform internal audit work, which is divided into two types: regular and irregular. Regular audits are carried out by internal auditors according to the company's annual audit plan. Irregular audits are conducted by internal auditors based on instructions or business needs.
