About Interanl Audit
The purpose of an internal audit is to assist the board of directors and managers to review the deficiencies of the internal control system, measure the effectiveness and efficiency of operations, and provide timely improvement suggestions to ensure the effective implementation of the internal control system.
Internal Audit Organization
- HOPAX's internal audit organization exists as an independent division, directly under the board of directors.
- The appointment and dismissal of the chief internal auditor must be approved by the board of directors.
Internal Audit Operation
- Audit scope：
Inspecting and reviewing defects in the internal control systems as well as measuring operational effectiveness and efficiency, and make timely recommendations for improvements to ensure the sustained operating effectiveness of the systems and to provide a basis for review and correction. - Audit object：
Include all units of HOPAX and subsidiaries that holds more than 50%. - Auditing procedures：
1. Formulation of audit planning and procedures.
2. Collection, inspection and analysis of audit notices and information, and make documents to support the audit results.
3. Prepare working papers.
4. At the end of the inspection work, discuss the findings of deficiencies with the inspected unit and formulate improvement countermeasures, and confirm the supervisor to express opinions on it.
5. Presentation and submission of audit reports.
6. Track improvement actions. Follow up the findings, suggestions, and improvement suggestions made by the inspected units in the audit report, and prepare a follow-up report to ensure that the relevant units have taken appropriate measures in a timely manner until they are completely improved.
