General Principles - The internal audit system aims to standardize and improve the quality of internal audit work, enhancing economic management and efficiency within the company [2] - The internal audit applies to all business processes related to financial reporting and information disclosure across the company's internal departments [2] - Internal audit is defined as an evaluation activity conducted by the internal audit department to assess the effectiveness of internal controls, risk management, and the authenticity and completeness of financial information [2] Internal Control Objectives - Internal control aims to ensure compliance with laws and regulations, adherence to corporate strategy, efficiency in operations, reliability of financial reporting, and safeguarding of assets [2] Audit Committee and Internal Audit Department - The company establishes an audit committee that oversees the internal audit department, which reports directly to the audit committee [3] - The internal audit department must maintain independence and is not subject to the influence of other departments [3][4] - The head of the internal audit department is appointed by the board of directors based on the nomination from the audit committee [3] Responsibilities and Authority of Internal Audit - The internal audit department is responsible for evaluating the completeness and effectiveness of internal controls, auditing financial and economic data, and assisting in establishing anti-fraud mechanisms [6][8] - The internal audit department must report its findings to the audit committee at least quarterly and submit annual and semi-annual reports [6][19] Audit Procedures - The internal audit department must develop an annual audit plan based on the company's needs and submit it for approval by the board of directors [34] - Audit projects are initiated by the internal audit department, which must notify the audited units in advance [36] - After completing an audit, a report must be issued within fifteen days, and the audited unit has ten days to respond [38] Information Disclosure - The internal audit department is responsible for the organization and implementation of internal control evaluations, which must be disclosed alongside the annual report [42] Management of Audit Files - Audit evidence must be adequately documented and retained for at least ten years [46][47] - Internal audit files are confidential and cannot be disclosed without approval from the board of directors [49] Violations and Penalties - The company will impose penalties on departments or individuals that obstruct the internal audit process or violate the established procedures [20][21] - Serious violations may lead to criminal prosecution [21]
映翰通: 内部审计制度(2025年8月修订)