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Internal Auditing

The internal auditing of Jai Wei is an independent unit that is directly under the board of directors. Besides conducting reports in board of directors meetings, it also reports to the chairman of the board and the Auditing Committee monthly or when needed.

Internal Auditing Regulations stipulates the SOP of practicing internal control. Such report would also cover the appropriateness, effect and efficiency of such systematic design and practical operations. Its range of internal control includes all operation within the enterprise and subsidiary enterprises.

Auditing operations are carried out according to Audit Plans agreed by board of directors. Such plans are stipulated according to recognizable risks while project auditing would be carried out if necessary. To sum it up, the practice of common auditing and project auditing are to provide executives with the situation of  internal control operation and provide them with timely knowledge on fixing existing or potential flaws.

Internal auditing will review the self-assessments of each departments, including checking whether the operation was carried out and ensuring the quality of practice. The result are them reported to the board of directors.

Internal auditing units of Jia Wei are composed to specialized auditors.

Communication Means and Status

Auditing Committee Member and Internal Auditing Executive

Internal auditing executives would report the status of internal auditing practice and operation on regular seasonal Auditing Committee meetings. They would also report to Auditing Committee members when facing significant abnormalities. In addition, internal auditing executives would file audit report and tracking reports to Auditing Committee members monthly.

Communications in 2023
Date Communication Topics Suggestions and Critics
  • Oct. 1 – Nov. 31, 2022 Internal Auditing Business Report 
  • Dec. 1,2022 – Feb. 28, 2023 Internal Auditing Business Report
  • 2022 “Internal Control Declaration”
  • Mar. 1 – Mar. 31, 2023 Internal Auditing Business Report
  • Apr. 1 – Jun. 30, 2023 Internal Auditing Business Report
  • Jul. 1 – Sept. 30, 2023 Internal Auditing Business Report
  • 2024 Report on Internal Control System and Internal Auditing Plans

Audit Committee Member and Certified Public Accountant

At least once every quarter regularly, certified public accountants with discuss with Audit Committee members on the situation and trend of future legal amendment or financial report affairs.

Communications in 2023
Date Communication Topics Suggestions and Critics
2023.03.24 2022 Parent company-only and consolidated financial statements. NA
2023.05.05 Consolidated financial report for the first quarter of 2023 NA
2023.08.11 Consolidated financial report for the second quarter of 2023 NA
2023.11.10 Consolidated financial report for the third quarter of 2023 NA