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:
1.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 independent directors, and report the status of auditing implementation to the board.
2.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.
2022 Annual Communication Meeting between Independent Directors, Internal Audit Supervisors, and CPAs
Attendees: Lewis Lee Independent Director, Chih-Poung Liou Independent Director, Jih-Ching Chiu Independent Director, Chiu-Yen Wu CPA, Yi-Yun Liu Internal Audit Supervisor, Sui-Chuan Lin CFO.
CPAs' Report Matters:
1.The scope and methods of audit.
2.The 2022 risk assessment and important items to be audited in this assessment.
4.Other:Self-compilation progress of financial report.
5.Appendix:Audit Quality Index（AQI）.
Internal Audit Report Matters:
1.Report the risk results of each department's own assessment of the company's internal control process, and make a risk assessment form.
2.According to the above risk assessment results, the 2023 annual audit plan is formulated.
Opinions and response: All independent directors present have no opinion.