Internal Audit Organization And Operation

  • Audit Organization

    Organization and configuration of the audit office: The internal audit unit of the company is under the board of directors, and an audit supervisor is set to comprehensively manage the internal audit business of the company. The audit supervisor will attend the audit committee and the board of directors and present an internal audit business report at each meeting.

  • Audit Office

    The internal auditors should observe the operation situation at any time and respond to each management level, so that possible problems can be controlled or remedied in time, so as to maintain the normal and effective operation of each department. Its related functions are listed as follows:

    1. Review the completeness and effectiveness of the internal control system and internal audit system on a regular or irregular basis and revise the “Internal Audit Implementation Rules” when necessary, subject to the approval of the audit committee and a resolution of the board of directors. If the foregoing paragraph has not been approved by the audit committee, more than two-thirds of all directors may agree to do so, and the resolution of the audit committee shall be stated in the minutes of the board of directors.
    1. Responsible for the planning, execution and tracking of the internal audit plan.
    1. The planning, promotion and implementation of the annual audit plan, to check and evaluate the company’s budget, finance, business, operating performance and internal control system, and attach working papers and random inspection materials to prepare an audit report for future reference.
    1. Tracking and checking of abnormal daily operations.
    1. Tracking and checking of various designated projects.
    1. The audit supervisor shall attend the board of directors to report the audit business.
  • Audit Scope

    1. The scope of implementation of internal audits includes the company and its subsidiaries:

    (1) Accounting check: all check books and documents related to accounting management and accounting system.

    (2) Property auditing: Checking the inventory and sampling of the company’s cash, securities, bills, inventory, real estate, plant and equipment, etc.

    (3) Operational inspection: the operation and management of the company’s business, personnel, etc., and the inspection of the implementation of laws and regulations.

    (4) Procurement audit: investigation and evaluation of various asset purchase, price comparison, price negotiation, and acceptance inspections.

    (5) Budget audit: investigation and evaluation of annual business plan or budget implementation.

    (6) Other matters: tracking and handling of various pending accounting items, investigation and evaluation of work performance of various departments, other related internal management, internal control systems, and audits on specific cases ordered by the board of directors.

    (7) Formulate an annual audit plan based on the results of the risk assessment, check the internal control system of the company and its subsidiaries, and attach working papers and related materials to prepare an audit report; for the internal control system deficiencies and abnormalities found during the inspection , In addition to the factual disclosure in the audit report, the follow-up report should be tracked regularly to confirm that the relevant units have taken appropriate improvement measures in a timely manner.

    (8) Review the internal control self-assessment reports of all units and subsidiaries, and the improvement of internal control deficiencies and abnormal matters found, as the main board for the board of directors to assess the effectiveness of the overall internal control system and issue internal control system declarations in accordance with.

    (9) The company’s internal audit implementation rules should include all subsidiaries in the scope of internal audits, and perform audit operations according to the annual audit plan; the company’s internal audit unit should review the audit reports reported by the subsidiaries or the internal control self-assessment report, And track the lack of internal control system and the improvement of abnormal matters.

    2. The key items of the company’s internal audits are handled in accordance with the “Public Offering Companies Establishing Internal Control System Processing Guidelines”. The audit cycle items are as follows:

    (1) Sales and collection cycle

    (2) Purchasing and payment cycle

    (3) Production cycle

    (4) Salary cycle

    (5) Real estate, plant and equipment circulation

    (6) Investment cycle

    (7) Financing cycle

    (8) R&D cycle

    (9) Computerized Information System Cycle

    3. The company’s internal control system includes, in addition to the control operations for various types of trading cycles in the preceding article, the control operations specified in Article 8 of the “Public Offering Companies Establishing Internal System Processing Guidelines”, and regulates the company’s “other operations” “Management system” in order to clearly regulate.

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