iSTART-TEK has set up an internal audit unit within the Board of Directors, staffed by one full-time auditor. The auditor is responsible for evaluating the integrity, rationality and effectiveness of the company’s internal control system as well as various management systems.
The internal audit checks the company’s internal operations as well as the supervision and management of the subsidiaries in accordance with the annual audit plan approved by the Board of Directors. In addition to reporting at regular meetings of the Board of Directors, it also reports quarterly to the Audit Committee.
The purpose of internal audit is to assist the Board of Directors and managers to check and review the deficiencies of the internal control system, evaluate the effectiveness and efficiency of operations, and provide timely improvement suggestions. This helps ensure the ongoing effectiveness of the internal control system and serves as a reference for reviewing and correcting any issues with the system. The implementation of internal audit includes investigation and evaluation of the internal control system to measure the degree of compliance with current policies and procedures, as well as their impact on various operating activities. The scope of audit includes the determined audit items, time, procedures (methods), applicable laws and regulations and forms used.
