Internal Audit
Purpose of internal audit
To assist Board of Directors and the management in checking and re-auditing the validity of internal control system, and through investigation and assessment of internal control deficits, and measurement of operational efficiency, to propose appropriate suggestions of improvement, as a basis for revising internal control system, and for ensuring effective implementation of internal control system.
Organization of internal audit
A. Internal audit is an independent unit under the jurisdiction of Board of Directors;
B. To deploy competent internal auditor(s) according to company scale and current business needs;
C. Appointment and removal of internal auditor in charge are subject to the consensus approval of Board of Directors.
Organization Chart
Operation of internal audit
(A)Scope：
Covers account auditing, financial auditing, procurement auditing, budget auditing, self-inspection, internal management affairs, as well as execution and checking of laws and regulations.
(B)Target：
Including all company units and subsidiary company staffed without any auditor.
(C)Auditing procedures：
Drawing up auditing plan, auditing planning of case project, implementation of auditing, compiling draft, writing auditing report, following-up and evaluation result of improvement.
(D)Timing & occasion：
Routine auditing: scheduling auditing items and proceedings based on annual auditing plan.
Auditing of special project: inspection of specific item or auditing on case project in accordance with instructions from high-level management, case project, and business needs