Assist the Board of Directors and management in examining and reviewing deficiencies in internal control systems, measuring the effectiveness and efficiency of operations, and providing timely improvement suggestions. This ensures the continuous and effective implementation of internal control systems and serves as the basis for reviewing and revising these systems.
The internal audit team of the company reports to the Board of Directors. In accordance with the company's scale, business circumstances, management needs, and relevant legal provisions, an appropriate number of dedicated internal auditors are appointed. The appointment and removal of the head of internal audit are approved by the Board of Directors. Currently, there is one audit manager and a deputy. The appointment of the head of internal audit has already been approved by the Board of Directors.
The company's internal audit department is established under the "Guidelines for Establishing Internal Control Systems for Public Companies." It has formulated the "Internal Control System" and the "Internal Audit Implementation Regulations" as the basis for internal audit execution. Regular reports on audit activities are presented to the Audit Committee and the Board of Directors. This includes reporting on audit deficiencies identified by regulatory authorities, auditors, and internal audits, as well as the status of improvements related to deficiencies listed in the internal control statement. Internal audit activities are primarily based on the audit plan approved by the Board of Directors. Special audits are conducted as needed. Both routine and special audits provide the management with insights into the operational status of internal control functions, enabling timely information for understanding existing or potential deficiencies. Internal audits review self-inspections conducted by various units and subsidiaries. This involves checking whether the operations are being carried out and reviewing documents to ensure the quality of execution. The results of self-inspections are consolidated, and reports are submitted to the Board of Directors and the General Manager to assess the overall effectiveness of the internal control system and issue the internal control system statement. The company regularly discloses relevant internal audit information on the Public Information Observation System.
To enhance the efficiency and effectiveness of our internal audit operations, as well as to strengthen interaction with company employees, investors, and other stakeholders, we have established the "TMC Whistleblower System Regulations." This is to provide guidelines for reporting or filing complaints, fostering a robust supervisory function. The team will fairly and appropriately handle suggestions and complaints submitted by stakeholders. The scope of suggestions or complaints is limited to matters related to the company's public affairs, and the submitter should provide their real name and contact information to facilitate our investigation and response. Please send your correspondence to audit@tmcnet.com.tw.