Internal Audit

iSTART-TEK has set up an internal audit unit under the Board of Directors, with a total of 1 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 to ensure the continuous and effective implementation of the internal control system, serving as a reference for reviewing and correcting the internal control system.

The implementation of internal audits 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.

Communication with independent directors

Independent directors have direct communication channels with the internal audit supervisor and accountant. The internal audit supervisor reports auditing matters and major findings to the independent directors in the meetings of the Audit Committee and the Board of Directors.

Previous communication between independent directors and internal audit supervisor:

2020

Date Meeting Resoultions
2020.09.07 The first term 1st time Audit Committee Internal audit consolidates the results of the self-assessments of 2020 Q2, all matter approved by the independent director.
2020.12.28 The first term 2nd time Audit Committee Internal audit consolidates the results of the self-assessments of 2020 Q3, all matter approved by the independent director.

Previous communication between independent directors and accountant:

2021

Date Topic Content
2021.03.12 Review the 2020 financial statements The accountant reported the contents of the key audit items in the 2020 financial statements.

2020

Date Topic Content
2020.12.28 Annual audit planning and discussion The accountant reminded the governance unit of the risks and controls, annual review plan and important regulations update.