TSC's Internal Audit function is an independent unit that reports directly to the Board of Directors. Besides informing the Board during its ordinary meetings, it briefs the Chairman, the Board Audit Committee on a quarterly and on-as-needed basis.
The charter of Internal Audit is 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. All parts of the company and its subsidiaries are open for review by Internal Audit.
There is one full time auditor dedicated to Internal Audit, and its agent is assigned according to law.
Communications between the Independent Directors, Internal Auditor Supervisor and CPAs
In addition to routine communication with internal and external auditors at the following frequencies, independent directors of the company may at any time understand the findings of the inspection through various contact methods, so as to implement the responsibility of supervising the company's operations.
- Frequency of Communication：
- Communicate with the internal audit supervisor on the internal audit findings at least once a quarter.
- Communicate with CPAs on the financial report audit at least once a year.
- Situation of Communication 2020
- Situation of Communication 2019