The internal control system of Chin Teng Company follows-the public offering company establishes the internal control system processing standard and implements it.

The internal control system of the audit room is designed by the manager, approved by the board of directors and carried out by the board of directors, managers and other employees, with the aim of promoting the sound operation of the company in order to reasonably ensure that the objectives are achieved:

1. Operational effectiveness and efficiency goals. Including goals such as profitability, performance and ensuring asset safety.

2. Reports are reliable, timely, transparent and comply with relevant regulations. Including the company's internal and external financial reports and non-financial reports.

3. Compliance with relevant laws and regulations.

 

The company should establish an effective accounting system and internal control system for business activities with a high risk of dishonesty. It should not have external accounts or keep secret accounts, and should review it at any time to ensure that the design and implementation of the system continue to be effective. The internal audit unit of the company shall regularly check the compliance with the preceding system, prepare an audit report and submit it to the board of directors, and may appoint an accountant to perform the audit, and may appoint external professionals for assistance when necessary.

 

 

Establish internal control system

• The company should establish the internal control system processing standards, consider the overall operating activities of the company and its subsidiaries, design and implement its internal control system, and should review it at any time to respond to changes in the company’s internal and external environments to ensure that The design and implementation of the system continue to be effective.

• In addition to the company's self-assessment of the internal control system, the board of directors and management should review the results of the self-assessment of each department at least annually and the audit reports of the audit units on a quarterly basis. The audit committee or supervisor should also pay attention to and supervise it. .

• Directors and supervisors should regularly discuss with internal auditors on the lack of review of the internal control system, and should keep records, track and implement improvements, and submit reports to the board of directors.

• The company establishes a communication channel and mechanism between the audit committee or supervisor and the internal audit supervisor, and the convener or supervisor of the audit committee reports to the shareholders meeting on the communication between the audit committee or supervisor and the internal audit supervisor.

•Company management should attach importance to internal auditing units and personnel, and give them full authority to urge them to check and evaluate the deficiencies of the internal control system and measure the efficiency of operations to ensure the continuous and effective implementation of the system and assist the board of directors and management to perform Its responsibility, and then implement the corporate governance system.

• The appointment and dismissal, evaluation, salary and remuneration of the company's internal auditors should be reported to the board of directors or the audit supervisor should sign the chairman for approval.