Communication among Independent Directors, Supervisors of Internal Audit and Accountants
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The internal audit officer shall present the audit report to the Audit Committee each quarter. In the first quarter of every year, the officer shall present the internal control efficacy evaluation for the previous year (submit the internal control statement) and present the audit items individually to the Audit Committee. At the end of each year, the officer shall present the annual audit plan individually and convene a meeting if necessary.
- The Audit Committee shall meet with the CPAs at least six times each year. In addition to the audit reports (annual report, semi-annual report), review report (quarterly report), and matters of advice, the meetings shall fully communicate significant accounting estimates and selection or changes in accounting principles and internal control audits in order stay fully appraised of the Company's financial situation. The audit strategy and focuses shall be communicated to the CPAs individually before the reporting of the audit plan and opinions in the second and fourth quarters, in order to supervise the formulation of the Company's financial statements. From 2022 onwards, the Company’s interim financial statements shall first be approved by the Audit Committee before they are discussed and approved by the Board of Directors, with a view to strengthening the Audit Committee’s role in supervising the Company’s finances.
- Communication among Independent Directors, CPAs, and internal audit officers
Date of Audit Committee Term Agenda Key Communication Points Audit Committee Resolution 2022.3.7 3rd meeting of the 3rd Audit Committee in 2022 The Audit Report of SinoPac Holdings The internal audit officer presented the audit report. Approved for future reference and subsequently reported to the Board of Directors. The Statement of Internal Control of SinoPac Holdings for 2021. The internal audit officer reported the status of operation of the internal control system in 2021. Adopted as proposed and subsequently submitted to the Board of Directors for resolution. The consolidated financial statements of SinoPac Holdings and its subsidiaries for 2021 and the business report of SinoPac Holdings for 2021. The CPAs reported their audit work and opinions on the consolidated financial statements and business report. Adopted as proposed and subsequently submitted to the Board of Directors for resolution. The earnings distribution plan of SinoPac Holdings for 2021. The CPAs were present for queries. Adopted as proposed and subsequently submitted to the Board of Directors for resolution. 2022.5.10 4th meeting of the 3rd Audit Committee in 2022 The Audit Report of SinoPac Holdings The internal audit officer presented the audit report. Approved for future reference and subsequently reported to the Board of Directors.
2022.5.16 5th meeting of the 3rd Audit Committee in 2022 The consolidated financial statements of SinoPac Holdings and its subsidiaries for 2022 Q1. The CPA's presentation of the review results of the consolidated financial statements of the Company and its subsidiaries for Q1 2022. Adopted as proposed and subsequently submitted to the Board of Directors for resolution. 2022.6.17 6th meeting of the 3rd Audit Committee in 2022 CPAs' opinions on financial statements and internal controls were reported to the Audit Committee respectively. The CPAs reported the audit plan for the 2022 second quarter financial report and proposed their opinions on financial statements and internal controls. Acknowledged. 2022.8.15 8th meeting of the 3rd Audit Committee in 2022 The audit report of SinoPac Holdings The internal audit officer presented the audit report. Acknowledged and subsequently reported to the Board of Directors.
The consolidated financial statements of SinoPac Holdings and its subsidiaries for 2022 Q2. The CPAs reported their audit work and opinions on the consolidated financial statements and business report.
Adopted as proposed and subsequently submitted to the Board of Directors for resolution. 2022.10.14 10th meeting of the 3rd Audit Committee in 2022 The Audit Report of SinoPac Holdings The internal audit officer presented the audit report. Acknowledged and subsequently reported to the Board of Directors. 2022.11.14 11th meeting of the 3rd Audit Committee in 2022 Analysis report of the internal audit on the key points of information security inspection. Analysis report of the audit supervisor individual reports on the key points of information security inspection. Acknowledged.
The consolidated financial statements of SinoPac Holdings and its subsidiaries for 2022 Q3. The CPA’s presentation of the review results of the consolidated financial statements of the Company and its subsidiaries for 2022 Q3.
Adopted as proposed and subsequently submitted to the Board of Directors for resolution. 2022.12.16 12th meeting of the 3rd Audit Committee in 2022 The audit reports of SinoPac Holdings
The internal audit officer presented the audit report.
Acknowledged and subsequently reported to the Board of Directors. 2023 Internal audit plan of SinoPac Holdings.
The internal audit officer presented the internal audit plan of SinoPac Holdings for 2023 to the Audit Committee respectively. The key audit items and reviews of audit execution descriptions will be reviewed in accordance with the 2023 annual financial audit key points
Adopted as proposed and subsequently submitted to the Board of Directors for resolution. CPAs' opinions on financial statements and internal controls were reported to the Audit Committee respectively. The CPAs reported the plan for the audit of SinoPac Holdings' 2022 financial statements, Audit Quality Index Information (AQI), Key Audit Matters of the Statement on Auditing Standards No. 75, and put forward their opinions on the financial statements and internal controls.
Acknowledged.