Scope of Work of the Auditors Office
-
To assess the internal control system
of the Corporation and its subsidiaries.
- To assess whether the plans,
organizations and managing procedures
are efficient enough to achieve the
goals of the Corporation.
- To audit whether the managers have
set up standards to evaluate the
economy and efficiency of manpower,
equipments, materials and other
resources , and have found the ways to
improve it as well.
- To ensure the reliability and integrity
of financial and operating information,
and to audit whether the controls over
record keeping and reporting are
adequate, effective, and timely.
- To review whether the management
has established appropriate means to
safeguard assets from various types of
losses such as those resulting from
theft, fire, improper or illegal activities,
and exposure to the elements.
-
To review the reliability of regular inventory taking procedures, and to
verify the existence of assets by random
checking.
- To evaluate whether the operating
standards and procedures set by
management are complying with
applicable laws and regulations, and to
ensure that management has taken
actions to prevent or correct any bias
behavior.
- To ascertain that the Corporate polices
and regulations are in compliance.
- To discover the internal activities in
violation of any act or regulation.
- To review the self-inspection reports
prepared by all departments and
subsidiaries.
- All other affairs handed by the
authorities.
- The priorities to carry out the above
mentioned duties are determined by
risk assessment and depend on the
manpower of the Auditors Office.