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Corporate Governance

Internal Audit Organization and Operation Status

Internal Audit Organization

  • In line with THSRC Organizational Regulation, Corporate Audit Office upholds the command and supervision of the board of directors or its authorized persons. The scope of audit work covers all management functions of the Corporation. The audit targets include all units of the Corporation.
  • There are supervisor and sufficient qualified auditors in Corporate Audit Office to perform general and project business inspections. The appointment and dismissal of the supervisor of Corporate Audit Office shall be reviewed by the Audit Committee and submitted to Board of Directors for approved. The basic information, education, experience and training of the auditors are also reported to Financial Supervisory Commission for information by the Internet Information System before the end of January every year in accordance with the regulations of Financial Supervisory Commission.
  • The supervisor of Corporate Audit Office reports the audit business to Audit Committee regularly, and also attend the Board of Directors Meetings.

Internal Audit Operation

  • Plans and implements annual audit plans and issues audit reports in accordance with the "Internal Audit Procedures" and related laws and regulations.
  • Plans and implements annual audit plans and issues audit reports in accordance with the "Internal Audit Procedures" and related laws and regulations.
  • Plans and executes annual audit plan, which is proposed at end of each year, and submitted to Board of Directors for approved. After approval by the board of directors, the above plan will be implemented accordingly.
  • Report the audit work status to Audit Committee and Board of Directors regularly.
  • Track the improvement of internal deficiencies and abnormalities found by internal auditors regularly.

Appointment and dismissal of Internal Auditors

According to the company's internal rules of "General Delegation of Responsibility and Authority", "Employees Employment Regulation " and "Performance Appraisal Regulation ", the appointment, dismissal, evaluation and salary of internal auditors shall be submitted by the audit supervisor to Chairman for approval, and the appointment, dismissal, evaluation and salary of the supervisor shall be also submitted to the board of directors for approval. The relevant regulations have been disclosed in the Corporation's internal regulations webpage area.