INTERNAL AUDIT
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INTERNAL AUDIT
Internal Audit

Ethical Corporate Management: 
Development and Supervision of the Best Solutions

  • 01
    Organizational Structure of the Internal Audit
    1. A public company shall carry out internal audits to assist the board of directors in inspecting and reviewing defects in the internal control systems to ensure the sustained operating effectiveness of the systems and to provide a basis for review and correction.
    2. Where a public company has established an audit committee, any appointment or dismissal of the chief internal auditor shall be subject to approval by the audit committee and be submitted to the board of directors for a resolution.
    3. In addition to having the applicable qualifications required by the competent authority, auditors continue to study professional courses related to internal audit every year to improve audit quality and capabilities. The roster of internal auditors and the training received are also reported in the Internet information system for future reference before the end of January each year in accordance with the prescribed format.
  • 02
    Operation of Internal Audit
    1. A public company's internal audit unit shall formulate annual audit plans for the next year before the end of each year, including matters to be audited monthly, which shall be subject to approval by the board of directors and audit committee. In accordance with the audit procedures and audit key points stipulated in the company's "Implementation Rules of Internal Audit", we conducted on-site interviews and selected samples for inspection, verification, and evaluation, and attached working papers and related materials to prepare an audit report.
    2. After having presented the audit and follow-up reports, a public company shall submit the same for review by the supervisors by the end of the month next following the completion of the audit items and regularly report to the board of directors and the audit committee on the implementation of the internal audit.
    3. The internal auditors of a public company shall communicate fully with the audited unit regarding the inspection results of the annual audit items, and shall faithfully disclose in audit reports any defects and irregularities of the internal control systems discovered in assessment and, after having presented the reports, follow up on the matters and prepare follow-up reports on a regular basis until such time as correction is made, to ensure that the relevant departments have taken appropriate corrective measures in a timely manner.
    4. The Audit Office's assessment of the effectiveness of the internal control system shall be subject to the consent of one-half or more of all audit committee members.
    5. The audit office shall review the self-inspection reports of the company's units and subsidiaries every year, provide the basis for the board of directors, chairman and general manager to evaluate the effectiveness of the overall internal control system, and issue the "internal control system statement", which has been disclosed in the annual report. The annual internal audit plan, the implementation of the audit plan, the lack of internal control, and the improvement of abnormal matters have all been reported in TWSE MOPS in accordance with regulations.