Internal Audit

The duty of the Audit Office is to investigate and assess the internal control system and the suitability of operation, effectiveness, and efficiency and make timely recommendations for improvements to ensure that the internal control system is continuously and effectively implemented. The Audit Office also assists the BOD and the management in carrying out their duties.

The Internal Audit is an independent unit under the Board of Directors; Job function includes monthly performance report to the Audit Committee, as well as a summarized report in the Board of Directors routing meeting.

An internal audit system is planned and designed with reference to the internal control system of individual departments. Based on this internal audit system, the internal control of each process is reviewed, and the suitability of the design, practice, effectiveness, and efficiency of such control are reported. In accordance with regulatory requirements, an internal audit shall be implemented every year to review the self-assessment of the internal control system of individual departments. The scope of audit covers the internal control of the effectiveness and efficiency of operations, the reliability of financial statements, compliance with related laws and regulations, etc.; and assessment of the risk level of operations of individual departments. Based on the audit outcomes, the Audit Office will plan the audit program for the next year and implement the audit with BOD approval.

The internal auditors meet the qualifications of the internal auditors set by the FSC, which shall be approved by the Audit Committee and submitted to the Board of Directors for approval; In addition, the assessment of internal auditors shall be carried out twice a year in accordance with the "Performance Assessment Measures", and shall be submitted to the Chairman of the Board for approval by the head of internal audit.