Internal Audit

Organizational Chart



Internal audit organization and operation
  • Billion Electric Co., Ltd.’s audit office is an independent unit which is subordinated to the Board of Directors. It is responsible for the examination/evaluation of the company's internal control to promote operating performance.
  • Billion Electric Co., Ltd.’s audit office has an internal chief auditor. In addition to the applicable qualifications required by the Securities and Futures Bureau, auditors should continue to take professional courses related to internal audits every year. The list of internal auditors should be submitted on the MOPS website by the end of January every year.
 
  • Billion Electric Co., Ltd. has formulated the “Billion Internal Control System Regulations” and “Billion Internal Audit Enforcement Rules” in accordance with the “
    Regulations Governing Establishment of Internal Control Systems by Public Companies” enacted by the Securities and Futures Bureau. The audit office formulates an annual audit plan each year to check and evaluate the implementation of internal control, providing timely suggestions for improvement to ensure the continuous and effective implementation of the internal control system. Additionally, the audit office reviews the self- examination reports of each department in accordance with the regulations every year and provides the board of directors and general manager with the aforementioned internal audit results and improvement information for them to evaluate the effectiveness of the entire internal control system and issue a statement of the internal control system. Such a statement has been published in the annual reports and the Public Offering and Issuance Prospectuses in accordance with regulations. The annual internal audit plan, implementation of the audit plan, deficiency in internal control and the improvement of abnormal events have been published on the MOPS website in accordance with regulations.