Brogent’s Internal Audit function is directly to the Board of Directors. 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. Special audits or reviews are conducted as needed. The plan operated as follow:
◇ The majority of the audit work is executed according to an annual plan, which needs to be approved by the Board of Directors. The audit report has to complete before the end of the next month, reported to the supervisors and the independent directors, and report the status of auditing implementation to the board.
◇ Annual self-inspections of internal control systems shall be first conducted periodically by all internal departments and subsidiaries themselves and reports shall be reviewed by internal auditors. Internal Control System Statement shall be publicly announced for the boards and General Manager to assess the validity of the internal audit.