Organization and Operation
The Company’s Audit office is an independent unit that reports directly to the Board of Directors. The Audit Office shall consists of qualified persons in an appropriate as full-time internal auditors based on the Company’s scale, business conditions, management needs, and other applicable laws and regulations. The appointment or dismissal of Head of Internal Audit shall be approved by Audit Committee and further submitted to the Board of Directors Meeting for a resolution.The majority of the audit work is executed according to an annual audit plan, which needs to be approved by the Board of Directors. Such plan will take into account risks that have been identified. Special audits or reviews are conducted as needed. These audits enhance internal control and provide timely recommendations for future improvements. After the audit report is signed by the chairman, it is sent to the independent directors for review, and the implementation status is reported to the Audit Committee and the Board of Directors.The company supplements the review activities by Internal Audit with documented self-assessments by the divisions and all subsidiaries. Internal Audit sees to it that these activities do take place, and reviews the submissions to ensure the quality of the process; it consolidates the results of the self-assessments for the Audit Committee and the Board of Directors.
Communication methods between independent directors and internal audit supervisors :
- Usually, the internal audit supervisor and accountant can directly contact the independent directors as needed, and the communication is good
- The internal audit supervisor communicates and discusses the company’s internal audit implementation status and internal control operation with independent directors through email, telephone and meetings
- In addition to submitting the audit results and follow-up reports of the annual audit plan to the independent directors for review every month, the internal audit supervisor also attends the Audit Committee and the Board of Directors to report audit business
The summary of communication between independent directors and internal audit supervisors in 111 years is as follows :
| Date | Communication matters | Communication results |
|---|---|---|
| 2022/03/08 | (1) Internal audit business report (2) 111 annual statement of internal control system |
No objection at this meeting |
| 2022/04/27 | Internal audit business report | No objection at this meeting |
| 2022/06/09 | Internal audit business report | No objection at this meeting |
| 2022/08/01 | Internal audit business report | No objection at this meeting |
| 2022/11/01 | Internal audit business report | No objection at this meeting |
| 2022/12/20 | (1) Internal audit business report (2) 112 annual audit plan | No objection at this meeting |
Data to be supplemented!