Internal Audit Office
 
AOEM's Internal Audit Office is an independent unit that reports directly to the Board of Directors.The Chief Audit Executive shall also attend and deliver a report at the Board of Directors meetings.
 
  　　  
    Operation of Internal Audit
  Internal Audit aims to assist the Board of Directors and management in assessment and reviewing deficiencies in the internal control system as well as measuring operational effectiveness and efficiency, reliability of financial reporting, and compliance with applicable laws and regulations. Internal Audit shall make timely recommendations for improvements to ensure sustained operating effectiveness of the system as well as to provide a basis for review and correction, with the overall goal of achieving sound operation within the Company.  
   
◎ The operation of internal audit shall be performed by executing annual audit plans. The annual audit plans shall be formulated based on the results of risk assessment and include audit items, times, procedures, methodology, etc. The internal auditors shall regularly or irregularly perform on-site audits, and prepare and submit audit reports with working papers and relevant materials in order to ensure the sustained operating effectiveness of the Company’s internal control systems.
◎ Annual self-assessment of the Company’s internal control system shall first be conducted periodically by all internal departments and subsidiaries themselves and reports shall be reviewed by internal auditors.
◎ Informing the Board during its ordinary meetings and the CEO on a monthly and on as needed basis.
◎ Internal auditors shall submit the next year's audit plan to the FSC for recording by the end of each fiscal year, and shall also submit a report on the execution of its previous year's annual audit plan within two months from the end of each fiscal year. Internal auditors shall report its corrections of any defects or irregularities of the internal control system discovered during the past year's internal audits within five months from the end of each fiscal year in the prescribed format via the internet-based information system.