Investment Zone

Investment Zone

Internal Audit
The design and implementation of the Company's internal control system, as well as internal audits, are conducted in accordance with the Guidelines for the Establishment of Internal Control Systems in Public Companies and relevant laws and regulations.
 
A.Purpose of Internal Audit

The purpose of the internal audit is to assist the Board of Directors and the management to examine and review the deficiencies of the internal control system and to measure the effectiveness and efficiency of the operation, to provide timely suggestions for improvement to ensure the continuous and effective implementation of the internal control system and to serve as a basis for reviewing and amending the internal control system to promote the sound operation of the Company.

 
B. Organization of Internal Audit

The Company has set up an internal audit unit under the Board of Directors, which is dedicated to internal audit duties. In accordance with the Company's size, business conditions, management needs and other relevant laws and regulations, the Company shall have a suitable and appropriate number of dedicated internal auditors, including a head of internal audit, and dedicated internal auditors.

The appointment or dismissal of the Company's internal auditor shall be approved by the Audit Committee and submitted to the Board of Directors for resolution, and shall be reported on the Internet information system for review no later than the 10th day of the month following the date of approval by the Board of Directors.

The appointment, dismissal, evaluation and salary compensation of the Company's internal auditors shall be in accordance with the "New staff member Evaluation Regulations", "Personnel Management Regulations", "Performance Evaluation Practices" and "Internal Audit Implementation Rules", the evaluation shall be conducted once a year and the aforementioned appointment, dismissal, evaluation and salary compensation shall be submitted to the Chairman of the Board of Directors for approval in accordance with the approval process. 

The qualifications of the internal auditors shall meet the statutory eligibility criteria and they shall continue to study for the required number of hours. The name, age, education, experience, years of service and training of the internal auditors shall be reported to the FSC via the Internet information system for review by the end of January each year in accordance with the prescribed format.


C. Operation of Internal Audit


The internal auditors shall perform their duties in an objective and impartial manner in the spirit of independence and shall report regularly to the audit committees.

The Company's internal audit service is based on the results of risk assessment and the annual audit plan is prepared, specifying the audit items, time, procedures and methods, etc. The auditors conduct on-site audits on a regular or irregular basis, and the audit results are submitted as audit reports with working papers and relevant information to ensure that the Company's internal control system is implemented in a sustainable and effective manner.

The internal auditors shall disclose in the audit report all deficiencies and irregularities in the internal control system identified by the internal audit, as listed in the Statement of Internal Control System, self-inspections and accountants' project audits, and shall follow up after the presentation of the report and make regular follow-up reports to ensure that the relevant units have taken appropriate improvement measures in a timely manner, which shall be included as an important item in the performance appraisal of each department.

Audit reports and tracking reports are submitted to the Audit Committee for review by the end of the month following the completion of the audited items. If the internal auditor finds any major irregularities or the Company is in danger of being materially damaged, he/she shall make a report immediately and inform the Audit Committee.

The internal auditors shall report to the FSC for review through the Internet Information System (IIS) in the prescribed format before the end of each fiscal year on the audit plan for the following year, within two months after the end of the fiscal year on the implementation of the annual audit plan for the previous year, and within five months after the end of the fiscal year on the improvement of internal control system deficiencies and irregularities identified by the internal audit for the previous year.


D. Important Internal Regulations

Procedures and Policy for Risk Managment
Rules Governing the Board Performance Evaluation
Cyber Security Management Principles
Articles of Incorporation
Rules Governing Shareholders’ Meetings
Rules Governing Board of Directors’ Meetings
Procedure for Acquisition or Disposal of Assets
Procedures for Lending of Capital to Other Parties
Procedures for Endorsement and Guarantee
Audit Committee Charter
Remuneration Committee Charter
Corporate Governance Best Practice Principles
Procedures for Ethical Management and Guidelines for Conduct
Ethical Corporate Management Best Practice Principles
Corporate Social Responsibility Best Practice Principles
Procedures for Ethical Management and Guidelines for Conduct
Procedures for Handling Material Inside Information and Preventing Insider Trading

E. Statement of Internal Control

2020 Statement of Internal Control
2019 Statement of Internal Control
2018 Statement of Internal Control
2017 Statement of Internal Control
2016 Statement of Internal Control
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