INVESTORS

Communications between independent directors and internal/independent auditors

1.

The communication channels between the independent directors, internal auditors, and independent auditors

 

A.

The Company's Audit Division sends the audit reports and follow-up reports on deficiencies to independent directors monthly. Besides these measures, the Internal Audit head presents the findings of all audit reports and communicates follow-up reports with independent directors during the Audit Committee's quarterly meetings.

 

B.

Each quarter, the Company's independent auditors present the findings of their review or audit reports regarding the financial results and internal control of the Company and its subsidiaries. The independent auditors are also required to communicate to the Audit Committee the impact of IFRSs updates and announcements, any issues under applicable laws and regulations that might affect the financial reports, as well as whether to adjust the entries.

 

C.

The Internal Audit head, the independent auditors and independent directors can contact each other as needed. The communication channels are seamless.

 

2. The major items of communication between the independent directors and the head of internal audit

The communication mechanism between the independent directors and the head of internal audit works well and effectively. The major items of these communications in 2019 are as follows:

Date

The Major Items of the Communication

Result

2019/03/06
Audit Committee

A. Annual Audit Report on the 2018 Internal Audit
B. The Internal Control System Statement for 2018

Noted
For Board’s approval

2019/04/24
Audit Committee

The internal audit report for the first quarter of 2019

Noted

 

3. The major items of communication between the independent directors and the independent auditors

The communication mechanism between the independent directors and the independent auditors works well. The major items of these communications in 2019 are as follows:

Date

The Major Items of the Communication

Result

2019/03/06
Audit Committee

The Company's independent auditors presented the audit results for the financial statements, key audit matters and the internal control audit for 2018. They also discussed and communicated the impact of the application of certain accounting principles and the effect of newly revised laws and regulations.

For Board’s approval

2019/04/24
Audit Committee

The Company's independent auditors presented the review results for the consolidated financial statements and the internal control audit for the first quarter of 2019. They also discussed and communicated the effect of newly revised laws and regulations.

For Board’s approval

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