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Corporate Goverance |
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| FFHC Internal Auditing Departments |
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| FFHC established the position of Chief
Auditor and the Auditing Department under the Board of Directors.
FFHC appointed the Head of the Auditing Department and assigned
several assistants to execute the audit programs, including developing
and executing internal audit system, examining the audit work
at subsidiaries, assessing and recording the effectiveness of
internal audit procedures, and periodically reporting to the
Board of Directors and Supervisors. |
| Audit Scope and Responsibility |
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| Periodic Review |
| The Auditing Department conducts routine
audit at least once a year. Every half a year, it performs specific
audit on the financials, risk management and legal compliance
of FFHC and its subsidiaries and prepares internal auditing report
accordingly. If the routine audit is comprised of the financials,
risk management and legal compliance of FFHC and its subsidiaries,
and if such audit results having no specific deficiency is addressed
in the internal audit report, then the semiannual specific audit
should not be required. |
| Non-periodic Review |
| Provide adequate follow-up to ensure
corrective action is implemented; supervise the check and acceptance
for construction works, procumbent, and disposal of properties;
perform adequate reviews of irregularity or deficiency discovered
and disclosed by the financial examination bureau or the Auditing
Department. |
| Depending on the operational needs, Chief
Auditor may transfer internal auditors of various subsidiaries
to conduct internal auditing of FFHC and its subsidiaries. |
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