The internal audit unit reports directly to the Board of Directors.
Staffing
The organization headcounts of internal audit unit include one internal auditing officer and six internal auditors. (2 in Taiwan and 4 in overseas subsidiaries), a total of 7 full-time internal auditors to perform internal audit related operations.
Purpose of Internal Audit
The internal audit assists the Board of Directors and top management to examine and review the findings for internal control mechanism, to measure the effectiveness and efficiency of the company’s operations, to provide advice properly, to ensure the internal control mechanism can be continuously implement and to be the basis of inspect and modify internal control mechanism.
Internal audit operations
The internal auditors of a public company shall be detached, independent, objective, and impartial, in faithfully performing their duties, and shall exercise due professional care.
Internal auditors conduct routine or ad hoc audits of the company's internal control system and matters assigned by superiors, and review processes to ensure that the internal control system is effectively implemented
The company's internal auditors should fully communicate with the audited units on the results of the annual audit projects. For the internal control system deficiencies and abnormalities found in the assessment, they should be disclosed in the audit report according to the facts, and tracked after the report is reviewed. At least a follow-up report should be prepared quarterly until improvement is made to ensure that the relevant units have taken appropriate improvement measures in a timely manner.
In addition to reporting their audit operations to each independent director on a regular basis, the internal audit officer shall also attend and deliver a report to
Audit Committee and Board of Directors meeting.
