Internal Audit Organization
- The company has established an Audit Department, which reports to the Board of Directors.
- The Audit Department is headed by an Audit Manager, appointed by the Board of Directors, responsible for the execution and promotion of audit activities.
Scope of Audit
The various departments within the company are audited for their business activities, performance, and supervision of subsidiaries.
Audit Objectives
Internal audits are conducted to define audit items, timing, procedures, and methods, examine the internal control system, and assess the effectiveness and compliance of current policies and procedures in relation to their impact on various operational activities.
Audit Methods
Internal audits can be conducted periodically and on an ad-hoc basis.
Periodic Audits
Based on the "Audit Department" work plan, audits are conducted to assess whether various departments are executing their business activities as required.
Ad-Hoc Audits
- Operational Review: Audits are conducted on various reports, vouchers, documents, and procedures, with a focus on the internal control functions of cash transactions and process flows.
- Computer Audits: Audits are conducted on various program designs, usage controls, and information security mechanisms, with recommendations for improvement of any abnormalities.
- Special Audits: Audits are conducted for instances of misconduct, significant anomalies, and high-risk events, and the audit results are presented as special reports.