Corporate Governance-Internal Audit
- MACHVISION has established an internal audit unit under the Board of Directors. Consisting of one chief auditor and one deputy chief auditor, the internal audit unit is responsible for reporting in the Board meetings on a regular basis and reporting to the Chairman, independent directors, and senior executives from time to time whenever necessary.
- MACHVISION has established an internal audit system, an internal control system, and inspection guidelines. Based on the outcomes of an annual inspection and after having identified the degree of various recurring risks, MACHVISION draws up an annual audit plan for the following year, which is to be carried out upon approval of the Board of Directors. Additionally, special audits that cover all operations of MACHVISION and subsidiaries may be carried out according to business needs. Internal audit and internal control activities allow management to understand existing or potential issues; corrective and preventive measures taken and improvements made in response to audit findings are recorded and submitted to management for review.
- MACHVISION and subsidiaries conduct at least one self-evaluation of the internal control system each year. Results of the self-assessment are verified by the audit office to ensure their quality; such results are also synthesized and reported to the Board of Directors and management as the primary basis for the effectiveness of the internal control system and the statement on internal control.
- Appointment and dismissal of internal auditors:
At MACHVISION, the appointment, dismissal, evaluation, and compensation of internal auditors are carried out based on the “Procedures for Personnel Recruitment,” “Compensation Regulations,” “Performance Evaluation Regulations,” and “Separation Procedures and Regulations.” The evaluation of internal auditors is carried out once every year. The appointment, dismissal, evaluation, and compensation of internal auditors are submitted to the Chairman for approval according to the approval process.
Advanced Studies of Audit Supervisor and Agent：
|Richard Hsing||2021/08/06||The Institute of Internal Auditors||Information Service Audit Practice Seminar.||6 hours|
|2021/12/14||The Institute of Internal Auditors||Common Patterns of Internal Control Flaws Under Different Business Cycles and Cases.||6 hours|
|He, Jo-Hua||2021/10/18||The Institute of Internal Auditors||Cross-Strait Tax Auditing and Regulation Analysis Practice.||6 hours|
|2021/11/24||The Institute of Internal Auditors||Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees and Analysis of Practice.||6 hours|
Statement on Internal Control for 2021 [Link]
Statement on Internal Control for 2020 [Link]
Statement on Internal Control for 2019 [Link]
Statement on Internal Control for 2018 [Link]
Statement on Internal Control for 2017 [Link]
Statement on Internal Control for 2016 [Link]
Statement on Internal Control for 2015 [Link]