Corporate Governance

Company Practice

Organization ASMedia Asmedia Audit office is an independent unit that reports directly to the board. It is supervised and led by the Internal Auditing Officer (IAO) with an adequate number of full-time internal auditors. The appointment and removal of IAO shall be approved by the board. The recruitment, dismissal, evaluation and review, remuneration and compensation of internal auditors are submitted by the IAO to the Chairman for approval in accordance with the「Corporate Governance Best Practice Principles」.
Operation Status
  • Plans and implements annual audit plans and issues audit reports in accordance with the "Internal Audit Procedures" and related laws and regulations.
  • Plans annual audit plan and submitted to Board of Directors for approved. After approval by the board of directors, the above plan will be implemented accordingly.
  • Report the audit work status to Audit Committee and Board of Directors regularly.
  • Track the improvement of internal deficiencies and abnormalities found by internal auditors regularly.
  • Review the company's operating procedures and assess whether the design of the company's internal controls is sound and effective. All parts and operations of the company are open for review by Internal Audit.
  • The company supplements the review activities by Internal Audit with documented self-assessments by the divisions. 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 Audit Committee and the Board of Directors.