Communication among Independent Directors, Supervisors of Internal Audit and Accountants
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The internal audit officer reports the audit plan every quarter and the following year's audit plan at the end of each year to the Audit Committee and may convene meetings whenever necessary.
- The CPAs report the contents and opinions in the audit report on the annual financial statements and semi-annual financial statements to the Audit Committee at least twice every year and fully communicate on the selection or changes in material accounting assumptions and accounting principles and on internal audits. Before issuing the audit plan and opinions, the CPAs report the audit plan to the Audit Committee at least once every year and may convene meetings whenever necessary.
- Communication among Independent Directors, CPAs, and internal audit officers
Date of Audit Committee Term Agenda Key Communication Points Audit Committee Resolution 2020.1.6 1st extraordinary meeting of the 2nd Audit Committee in 2020 Follow-up status of the findings of investigation into deficiencies in the internal control system involving the Ting Sing Group loan case conducted by the competent authorities as reported in the letter issued to SinoPac Holdings The internal audit officer reported the findings of investigation as indicated in the letter issued to SinoPac Holdings, and the follow-up status of matters to be handled as indicated in the letter issued by the Financial Supervisory Commission. The opinions raised by the committee members were subject to review by the Legal & Compliance Division and the Audit Division, while the remaining points were acknowledged. 2020.3.16 1st meeting of the 2nd Audit Committee in 2020 The audit report of SinoPac Holdings The internal audit officer presented the audit report. The follow-up items raised and requested by the committee members were subject to further follow-up and reporting, while the remaining points were acknowledged and subsequently reported to the Board of Directors. The Statement of Internal Control of SinoPac Holdings for 2019 The internal audit officer reported the status of operation of the internal control system in 2019.
Adopted as proposed after adding the relevant attachments and subsequently submitted to the Board of Directors for resolution. The consolidated financial statements of SinoPac Holdings and its subsidiaries for 2019 and the business report of SinoPac Holdings for 2019 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 2019. The CPAs were present for queries. Adopted as proposed and subsequently submitted to the Board of Directors for resolution.
2020.6.12 1st meeting of the 3rd Audit Committee in 2020 CPAs' opinions on financial statements and internal controls The CPAs reported to the Audit Committee the aspects of semi-annual financial statements or internal controls to be enhanced before the semi-annual audit. Acknowledged.
2020.8.17 2nd meeting of the 3rd Audit Committee in 2020 The audit report of SinoPac Holdings The internal audit officer presented the audit report. The opinions and inquiries raised by the committee members were subject to follow-up and review, while the remaining points were acknowledged and subsequently reported to the Board of Directors.
Evaluation results regarding SinoPac Holdings' ability to prepare financial statements independently The CPAs were present to explain that SinoPac Holdings, Bank SinoPac, and SinoPac Securities possess the ability to prepare financial statements independently.
Approved for future reference and subsequently reported to the Board of Directors. The consolidated financial statements of SinoPac Holdings and its subsidiaries for 2020 Q2 The CPAs reported their audit work and opinions on the consolidated financial statements and business report.
Adopted as proposed. 2019.6.17 Second-term Audit Committee Sixth meeting in 2019 International board bonds disposal plans of Bank SinoPac and SinoPac Securities
The members discussed the valuation of international board bonds with the CPAs. Acknowledged; ongoing follow-ups were required. 2020.9.28 3rd meeting of the 3rd Audit Committee in 2020 The audit report of SinoPac Holdings The internal audit officer presented the audit report. Acknowledged and subsequently reported to the Board of Directors.
Status of implementation of the proposals raised in the 2nd meeting of the 3rd Audit Committee of SinoPac Holdings in 2020 The CPAs were present for queries. The opinions and inquiries raised by the committee members were subject to follow-up and review, while the remaining points were approved for future reference. Bank SinoPac's report on the status of assets of PEM Group The CPAs were present for queries. Acknowledged and subsequently reported to the Board of Directors. Presentation on potential risks and management The CPAs were present for queries.
The opinions and inquiries raised by the committee members were subject to follow-up and review, while the remaining points were acknowledged. 2020.12.18 4th meeting of the 3rd Audit Committee in 2020 The audit reports of SinoPac Holdings
The internal audit officer presented the audit report.
Acknowledged and subsequently reported to the Board of Directors. The internal audit plan of SinoPac Holdings for 2021
The internal audit officer presented the internal audit plan of SinoPac Holdings for 2021.
Adopted as proposed and subsequently submitted to the Board of Directors for resolution. CPAs' opinions on financial statements and internal controls 1. The CPAs reported the audit plan for the financial statements of SinoPac Holdings for 2020.
2. The CPAs reported to the three independent directors the aspects of annual financial statements that may be adjusted to date and the aspects of internal control procedures or design of control points to be enhanced.The opinions raised by the CPAs were subject to follow-up and review.