1. The internal audit unit of our company is an independent department, with one audit manager overseeing its operations. The department reports directly to the Board of Directors.
2. The audit personnel are prohibited from holding concurrent positions that may create conflicts of interest or impede their independence. They are expected to carry out their duties with utmost independence, objectivity, and fairness. They are also required to provide regular reports on audit activities to the Audit Committee and the Board of Directors.
3. The Head of Internal Audit is authorized to assign internal audit personnel to carry out internal audit work for the Company and its subsidiaries as required by business needs.
1. Audit the execution of the plan
Before the end of each year, the internal audit unit of the Company shall approve the audit plan for the next year by the Board of Directors and carry out the audit work according to the plan, which is formulated in accordance with the risk identification and relevant laws and regulations, and executes project audit operations as necessary, so as to provide the management level with the understanding of the operation status of the internal control function and put forward improvement suggestions, and track the implementation of the improvement recommendations of all relevant units.
2. Supervision of internal control self-assessment operations
The audit unit regularly supervises each subsidiary and each unit to carry out the internal control self-assessment operation every year, reviews the self-assessment report of each unit, and submits the results of the self-assessment to the board of directors as a reference basis for issuing the internal control statement.
3. Supervision of subsidiaries
Assist and supervise the implementation of the internal control system of each subsidiary, include each subsidiary in the scope of internal audit, track the improvement and review the results of the internal control self-assessment of each subsidiary.