Communication among Independent Directors, Supervisors of Internal Audit and Accountants

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  1. The Company organizes periodic meetings of the Audit Committee to review the semi-annual and annual reports. The CPA reports the contents and recommendations in the audit report to the independent directors and they fully communicate on the selection or changes in material accounting assumptions and accounting principles and the internal control audit items. Meetings are convened whenever necessary.
  2. The Company convenes meetings of the Audit Committee regularly for the internal audit supervisor to report the audits in the first and second half of the year and the annual audit plan to independent directors. Meetings are convened whenever necessary.
  3. Summary of past meetings between the independent directors and internal audit supervisor
    Date Key Communication Points
    2018/3/22
    1. The Company’s audit report.
    2. 2018 Internal Audit Work Plan.
    2018/5/23
    1. The Company’s audit report.
    2. Updated the appendices of the Company’s Implementation Rules of Internal Audit and Internal Control System.Updated the appendices of the Company’s Implementation Rules of Internal Audit and Internal Control System.
    2018/8/21
    1. The Company’s audit report.
  4. Summary of past meetings between the independent directors and CPAs
    DateDate Key Communication Points
    2018/3/22
    1. 2017 consolidated financial statements of SinoPac Holdings and its subsidiaries, 2017 Annual Business Report of SinoPac Holdings, and the CPA reported CPA’s Audit Report and recommendation items.
    2018/6/4
    1. Business report on the fixed income (including derivative transactions related to interest rates) of SinoPac Holdings and its subsidiaries (Bank and securities) and related improvement tasks in communication with the CPA.Business report on the fixed income (including derivative transactions related to interest rates) of SinoPac Holdings and its subsidiaries (Bank and securities) and related improvement tasks in communication with the CPA.
    2018/8/16
    1. Follow-up supplemental and progress reports for the business report on the fixed income (including derivative transactions related to interest rates) of SinoPac Holdings and its bank and securities subsidiaries and related improvement tasks in communication with the CPA.
    2018/8/21
    1. 2018 Q2 consolidated financial statements of SinoPac Holdings and its subsidiaries and the CPA reported the CPA’s Audit Report and recommendation items.
    2018/9/19
    1. Recommendations for internal controls in the CPA’s Audit Report.