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Internal Audit
Internal Audit Organization
The Internal Audit of the Company is an independent unit directly under the Board of Directors. It reports to the Chairman and Audit Committee as necessary or monthly, and attends regular Board meetings of the Company and makes audit reports.
The Company set up the Internal Audit unit under the Board in accordance to Article 11 of the “Regulations Governing Establishment of Internal Control Systems by Public Companies” enacted by the Financial Supervisory Commission, Executive Yuan.
The purpose of the Internal Audit
The function of the Internal Audit is to conduct regular and irregular audit on cyclical operations to really understand the implementation status of the internal control system and the soundness, rationality and effectiveness of the internal control system, and present recommendation reports after analysis and assessment to promote purposes of achieving effective control and quality improvement, improving efficiency and reducing operating risks through reasonable costs. It also assists the Board and Managers in inspecting and reviewing the defects of the internal control system and measuring the effectiveness and efficiency of operations, and provides recommendations timely for improvement to ensure the effective implementation of the internal control system as the base of review and correction of the internal control system.
Execution and Reporting of the Annual Audit Plan
The Internal Audit prepares of the Annual Audit Plan in accordance to Article 7, 8, 9, 13, 22 of the “Regulations Governing Establishment of Internal Control Systems by Public Companies” and other relevant regulations as well as the relevance of risk control, and performs the audit work of the year to evaluate the soundness and rationality of the Company's internal control system design and effective implementation by all departments. The unit reports the following matters via the Internet-based information system within the legal time limit in accordance with the regulation of the Competent Authorization:
Report the next year's “Annual Audit Plan” by the end of December
Report the “Chief Internal Auditor and Auditors” for the year by the end of January
Report on the previous year's “Execution of the Annual Audit Plan” by the end of February
Report on the previous year's “Internal Control System Statement” by the end of March
Report on the previous year's “Status of Correction of Defects and Irregularities of Internal Control Systems”