The purpose of the Company’s internal audit is to inspect and evaluate the deficiencies of the internal control system, measure the efficiency of the operation, and provide timely suggestions for improvement to ensure the continuous and effective implementation of the system, and to assist the Board of Directors and management to fulfill their obligations. The audit department of the Company is directly subordinate to the Board of Directors, and currently has an auditor, and the appointment and dismissal of the audit supervisor must be approved by the resolution of the Board of Directors.
1. To examine and evaluate the reliability and completeness of financial and operational information and the methods used to identify, measure, classify and report such information.
2. Review existing systems to ensure compliance with major policies, plans, procedures, statutes and regulations.
3. Check the method of asset preservation and verify the existence of the asset.
4. Evaluate whether the use of resources is cost-effective.
5. Review the operational or project plan to determine if its results are consistent with the stated objectives.
The auditor goes to the inspected unit for on-site audit, or requires the inspected unit to submit documents, account books, vouchers, etc. as written materials for auditing.
The audit work includes the formulation of an annual audit plan, routine and irregular nine rounds of random audits, information inspection and evaluation, communication of results and follow-up.
