Internal Control and Audit
The Company has established an Audit Office, which reports to the Board of Directors. The Audit Office conducts internal audits from an independent and objective standpoint, examining and evaluating various operational activities. It provides timely improvement recommendations or early warning opinions to assist management in fulfilling their responsibilities and to ensure the continuous effectiveness of the design and implementation of internal control systems.
The audit recommendations proposed in 2024 were reported at the 2nd Board of Directors meeting of the 11th term, covering the implementation status of the annual audit plan. Execution and improvements were monitored and controlled until completion was confirmed.
Risk Management
The Company's risk management and assessment practices refer to the Handbook for Risk Management and Crisis Handling (as promulgated by the central government), incorporating identified risk sources listed therein. Additionally, risks are identified based on the Company's business plans, corrective actions and impeachment cases from the Control Yuan, recommendations from the National Audit Office Taipei City Audit Office, and public opinion responses. These identified risks are then evaluated to determine those requiring management. Items assessed as medium or high risk in the risk evaluation are included as key audit focus areas.
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