Internal Audit
- The Auditing Office is an independent that reports directly to the Board of Directors, it also communicates the Chairman, the Board Audit Committee, and Audit Committee on as needed basis, and regulation requirement basis.
- The Auditing Office is organized with one chief auditor designated. EirGenix, Inc. has the “ Internal Control System” and “ Internal Audit Enforcement Rules” stipulated in accordance with the “Regulations for the establishment of internal control system by public companies” published by the Financial Supervisory Commission for the reference of an internal audit. To review the internal controls in the company's processes and to report on those controls with respect to the adequacy, effectiveness, and efficiency of their design as well as their actual functioning on a day-to-day basis.
- The majority of the audit work is executed according to an annual plan, which needs to be approved by the Board of Directors. Such plan will take into account risks that have been identified. To provide management with objective assurance and insight on the functioning of the internal control system; it gives management an additional channel to learn about existing or possible future weaknesses in the system, which allows management to address them in a timely manner if necessary.
- The company supplements the review activities by Internal Audit with documented self-assessments by each function department. Internal Audit sees to it that these activities do take place, and reviews the submissions to ensure the quality of the process; it consolidates the results of the self-assessments for the Board Audit Committee and the Board of Directors.
