CORPORATE
GOVERNANCE

Internal Audit


Operation

The audit unit conducts assignments based on its annual plan, and provides results, including working papers and related documents, compiled into reports and presented to the Chairman. These reports are presented on a quarterly basis until improvements are achieved. The audit manager must attend board meetings to report on results and findings.

All units and subsidiaries are required to conduct self-assessments every year, which are then reviewed by the audit unit. Along with the aforementioned results and improvements, this information is provided to the Board of Directors and the CEO for assessing the effectiveness of company overall status, and is also serves as evidences for examining the internal control system.

All reports, including the annual plan, results and findings, are documented according to the prescribed format through an internet-based information system for reference.