Internal Audit
一、Internal Audit Unit：
The Internal Audit unit is established under the board of directors of the company. The Internal Audit team is composed of one audit director and one staff. The qualifications of internal audit personnel are in compliance with the regulations set by Financial Supervisory Commission (FSC).
二、The Operation of the Internal Audit：
1. The operation of the audit follows 'the Regulations for the Establishment of Internal Control Systems by Public Companies' and the FSC’s related regulations.
2. Internal Audit Operation Process：
- a. At the end of December of each year, the internal audit unit should formulate the annual audit plan for the following year based on the results of the risk assessment and report the plan to the board of directors. The audit items should cover important control operation.
- b. The internal audit unit should execute the audit operation based on the plan and summit the Audit Report.
- c. The internal audit unit should prepare the Follow-up & Improvement Report if any internal control defects and irregularities disclosed in the internal audit report, and inform the relevant departments to correct defects.
- d. After having presented the Audit Report and Improvement & Follow-up Report, the internal auditors shall submit the same for review by the supervisors by the end of the month following the completion of the audit.
- e. The internal auditors shall review and analyze the self-assessment results of the company 's internal control system of each department before the end of March, preparing the Internal Audit Self-evaluation Report and submmitting to the managing directors for formulating Internal Control System Statement to the board of directors.
- f. The Report Process of Internal Audit Operation：
Before the end of December of each year: The annual audit plan of following year (approved by the board of directors)
Before the end of January of each year: Internal audit personnel list and the prescribed hours of continuing education.
Before the end of February of each year: The status report of the previous year's audit plan.
Before the end of March of each year: The Internal Control System Statement (approved by the Board of Directors)
Before the end of May of each year: The correction and improvement of any defects and irregularities of the internal control system discovered during the past year's internal audits.
- g. According to the regularities, the audit director should attend the board of directors meeting and report their audit operations to the directors and supervisors.