Communication with Independent Directors
Communication policy between independent directors, accountants and internal audit supervisors
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◎ Accountants report to independent directors on the company's financial situation, the financials and overall operations of subsidiaries at home and abroad, and internal control audits. They fully communicate whether there are major adjustment entries or legal amendments that affect the accounting.
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◎ The head of internal audit reports to independent directors on the company's internal audit performance and internal control operations.
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◎ Independent directors can understand the company's operational status (including financials and sales) and audit situation through audit reports. They can also communicate well with accountants through various reports and channels.
Summary of previous communication between independent directors and accountants
May 6, 2016 The review of the financial statements for the first quarter of year 2016 explained the revenues and the costs of raw materials of important subsidiaries.
August 5, 2016 The review of the financial statements for the second quarter of year 2016 explained the revenues and the labor costs of important subsidiaries.
November 4, 2016 The review of the financial statements for the third quarter of year 2016 explained the revenues and the management costs of important subsidiaries.
December 14, 2016 The review of the financial statements for the fourth quarter of year 2016 explained the recognition of sales revenues and the goodwill evaluation.
August 10, 2017 The review of the financial statements for the second quarter of year 2017 explained the assessment of bad debts and the inventory control of important subsidiaries.
Summary of communication between previous independent directors and internal audit supervisors
March 17, 2016 (1)The first internal audit business report of year 2016 described the safety control of files and equipment, asset acquisition or disposal, and compliance with laws and regulations.
(2)Report on the statement of the internal control system
May 6, 2016 The second internal audit business report of year 2016 described the management of purchase orders, the issuance of design and production orders, and requisition operations.
June 16, 2016 The fourth internal audit business report of year 2016 described the application of bid bond, contract maintenance and collection, maintenance contracts, and maintenance contract stamp tax of the subsidiaries.
August 5, 2016 The fourth internal audit business report of year 2016 described the application of bid bond, contract maintenance and collection, maintenance contracts, and maintenance contract stamp tax of the subsidiaries.
November 4, 2016 The fifth internal audit business report of year 2016 described the material management and the control and management of component orders of the subsidiaries.
December 14, 2016 (1)The sixth internal audit business report of year 2016 described the contract management, the recognition of sales revenues, and increased or decreased contracts.
(2)Annual audit plan report
March 16, 2017 (1)The first internal audit business report of year 2017 described the control of cyber security inspection, the control of operations pertaining to personal information protection act, and compliance with laws and regulations.
(2)Report on the statement of the internal control system
May 11, 2017 The second internal audit business report of year 2017 described the management of third-party vendors, the maintenance of vendor data, and the acceptance of materials.
June 16, 2017 The third internal auditing business report of year 2017 described the inquiries and price negotiations of procurement and the contract management of overseas subsidiaries.
August 10, 2017 The fourth internal audit business report of year 2017 described the issuance of quotations, the issuance of invoices upon completion, accounts receivable, and maintenance work of branches.
Communication policy between independent directors, accountants and internal audit supervisors
- ◎ Accountants report to independent directors on the company's financial situation, the financials and overall operations of subsidiaries at home and abroad, and internal control audits. They fully communicate whether there are major adjustment entries or legal amendments that affect the accounting.
- ◎ The head of internal audit reports to independent directors on the company's internal audit performance and internal control operations.
- ◎ Independent directors can understand the company's operational status (including financials and sales) and audit situation through audit reports. They can also communicate well with accountants through various reports and channels.
Summary of previous communication between independent directors and accountants
May 6, 2016 The review of the financial statements for the first quarter of year 2016 explained the revenues and the costs of raw materials of important subsidiaries.
August 5, 2016 The review of the financial statements for the second quarter of year 2016 explained the revenues and the labor costs of important subsidiaries.
November 4, 2016 The review of the financial statements for the third quarter of year 2016 explained the revenues and the management costs of important subsidiaries.
December 14, 2016 The review of the financial statements for the fourth quarter of year 2016 explained the recognition of sales revenues and the goodwill evaluation.
August 10, 2017 The review of the financial statements for the second quarter of year 2017 explained the assessment of bad debts and the inventory control of important subsidiaries.
Summary of communication between previous independent directors and internal audit supervisors
March 17, 2016 (1)The first internal audit business report of year 2016 described the safety control of files and equipment, asset acquisition or disposal, and compliance with laws and regulations.
(2)Report on the statement of the internal control system
May 6, 2016 The second internal audit business report of year 2016 described the management of purchase orders, the issuance of design and production orders, and requisition operations.
June 16, 2016 The fourth internal audit business report of year 2016 described the application of bid bond, contract maintenance and collection, maintenance contracts, and maintenance contract stamp tax of the subsidiaries.
August 5, 2016 The fourth internal audit business report of year 2016 described the application of bid bond, contract maintenance and collection, maintenance contracts, and maintenance contract stamp tax of the subsidiaries.
November 4, 2016 The fifth internal audit business report of year 2016 described the material management and the control and management of component orders of the subsidiaries.
December 14, 2016 (1)The sixth internal audit business report of year 2016 described the contract management, the recognition of sales revenues, and increased or decreased contracts.
(2)Annual audit plan report
March 16, 2017 (1)The first internal audit business report of year 2017 described the control of cyber security inspection, the control of operations pertaining to personal information protection act, and compliance with laws and regulations.
(2)Report on the statement of the internal control system
May 11, 2017 The second internal audit business report of year 2017 described the management of third-party vendors, the maintenance of vendor data, and the acceptance of materials.
June 16, 2017 The third internal auditing business report of year 2017 described the inquiries and price negotiations of procurement and the contract management of overseas subsidiaries.
August 10, 2017 The fourth internal audit business report of year 2017 described the issuance of quotations, the issuance of invoices upon completion, accounts receivable, and maintenance work of branches.