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Internal Audit

The company's internal audit is an independent unit that reports directly to the board of directors. In addition to reports on routine meetings of the board of directors, a report shall also be made to the chairman every month or as required.

 

The internal audit rules clearly provide that an internal audit shall perform internal control over the company's operating procedure, issue reports about the design of such control, whether routine practice is appropriate and the result and efficiency. The scope covers all activities of the company as well as its subsidiaries.

 

The main task of an audit is to execute the audit plan approved by the board of directors. This audit plan has been established based on identified risks and requires project audit or review in accordance with needs. Combining the above general audit and project execution will provide the management with the status of internal control function and operation, and provides management with another channel to timely understand existing or potential efficiencies.

 

The internal audit reviews the self inspection performed by each department, including verifying whether such procedures have been executed and reviewing documents to ensure the quality of execution. The self inspection results will be consolidated and reported to the board of directors.

 

The internal audit unit of the Acter consisted of 3 auditors that including 1 supervisor. The appointment or dismissal of the chief internal auditor is approved by the audit committee and is submitted to the board of directors for a resolution; the appointment, dismissal, evaluation and review, salary and compensation of internal auditors shall be submitted to the relevant supervisor or chairman of the board for processing in accordance with the company's approval authority.

 

Communications of Independent Directors with Internal Auditor and CPAs

1.The company established an audit committee, which is composed of all independent directors. The company's internal auditor shall faithfully implement the annual audit plans and submit the audit report to the independent directors. If there is any doubt or instruction, independent director will inquire or inform the internal auditor through electronic communication. This procedure provides independent directors with sufficient overview of the company's internal audit and internal control. The company's chief internal auditor also regularly presents internal audit reports at the audit committee meetings. If there is any special circumstance, the chief internal auditor will immediately notify the audit committee. The communication mechanism between the independent directors and the chief internal auditor works well and effectively.

   

    Communication matters between the company's chief internal auditor and the independent directors are as follows:

2020

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2019

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2018

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2017

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2016

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2015

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2. The CPAs report matters relating to the annual or semi-annual audited (reviewed) financial statements to the audit committee meeting. In the meetings, independent directors are given sufficient opportunities to communicate with the CPAs. In addition, the CPAs also discuss and communicate with the company's governing unit and the independent directors on Key Audit Matters of the financial report. Communication matters between the CPAs and the independent directors are as follows:

 Date 

Communication matters 

Aug. 10, 2016

2016 Semi-annual audited financial statements 

Jan. 20, 2017

2016 Key Audit Matters of the financial report 

Feb. 23, 2017

2016 Annual audited financial statements

Aug. 10, 2017

2017 Semi-annual audited financial statements 

Feb. 23, 2018

2017 Key Audit Matters of the financial report

Feb. 23, 2018

2017 Annual audited financial statements

Aug. 9, 2018

2018 Semi-annual audited financial statements 

Feb. 26, 2019

2018 Key Audit Matters of the financial report

Feb. 26, 2019

2018 Annual audited financial statements

Aug. 12, 2019

2019 Semi-annual audited financial statements 

Feb. 27, 2020

2019 Key Audit Matters of the financial report

Feb. 27, 2020

2019 Annual audited financial statements

Aug. 05, 2020

2020 Semi-annual audited financial statements