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Audit Committee

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(1) Independent Director
Casey K. Tung
Master of Science in Business Administration, California State University, Long Beach, U.S.A.
Bachelor of Commerce, Soochow University, Taiwan

(2) Independent Director
Steven Jeremy Goodman
MBA from Nanyang Technological University, Singapore
Law Degree LLB from Manchester University, England
Passed the Solicitors Finals Examinations from the College of Law, Law Society of England and Wales (with Honours)
Passed the Overseas Lawyers Qualification Examination, Hong Kong Law Society

(3) Independent Director
Ching Shui Tsou
Master in Economics, Soochow University, Taiwan


2020 Communications between Independent Directors, Internal Audit Officer, and CPAs

1. The Independent Directors and CPAs can directly contact the Internal Audit Officer as needed to maintain good communication.
2. The Company provided the audit and follow-up reports to the Independent Directors for their review by the end of the month next following the completion of the audit items and the chairman’s review. The Independent Directors would contact the Internal Audit Officer to clarify their questions over the audit reports they received. In addition, the Internal Audit Officer attended all of the 9 audit committee meetings held this year and presented the audit and follow-up reports to Independent Directors in the quarterly meetings with thorough communication again.
3. The Audit Committee is composed of the entire number of Independent Directors. The CPAs attended the audit committee meetings at least 4 times a year and explained the audit method and scope of audit matters with thorough discussion with Independent Directors when the Audit Committee reviewed the annual financial statements. The CPAs also attended the board meetings to explain to and communicate with all Directors on quarterly financial statements.

Summary of communications between Independent Directors and Internal Audit Officer:
Date Meeting Topics Result
2020.03.25 Audit Committee 1. The Audit Report for the fourth quarter of year 2019.
2. The effectiveness of design and operation of the internal control system of the Company for the year of 2019.
1. Duly confirmed without opposition.
2. Unanimously approved.
2020.05.11 Audit Committee The Audit Report for the first quarter of year 2020. After Internal Audit Officer summarily explained the Audit Report for the first quarter, it was duly confirmed without opposition.
2020.08.12 Audit Committee The Audit Report for the second quarter of year 2020. Duly confirmed without opposition.
2020.11.09 Audit Committee The Audit Report for the third quarter of year 2020. After Internal Audit Officer answered the questions raised by Independent Director, it was duly confirmed without opposition.

Summary of communications between Independent Directors and CPAs:

Date Meeting Topics Result
2020.03.25 Audit Committee 1. The consolidated financial statements prepared by the Company for the year ended December 31, 2019.
2. The audited consolidated financial statements and the Independent Auditor’s Report for the year ended December 31, 2019.
1. Unanimously approved the proposal and submitted for the Board’s approval.
2. CPAs explained the responsibilities of management, Audit Committee and CPAs, key findings of key audit matters, and independence of KPMG. The Audit Committee unanimously approved the proposal and submitted for the Board’s approval. It was announced and reported to the competent authority as scheduled.
2020.05.11 Audit Committee The consolidated financial statements for the first quarter ended March 31, 2020. CPAs explained review results and the Audit Committee duly noted the report and submitted for the Board’s confirmation. It was announced and reported to the competent authority as scheduled.
2020.08.12 Audit Committee 1. The consolidated financial statements prepared by the Company for the first half year ended June 30, 2020.
2. The reviewed consolidated financial statements and the Independent Auditor’s Review Report for the first half year ended June 30, 2020.
1. Unanimously approved the proposal and submitted for the Board’s confirmation.
2. CPAs and Finance Accounting Officer answered the questions raised by Independent Director. The Audit Committee unanimously approved the proposal and submitted for the Board’s confirmation. It was announced and reported to the competent authority as scheduled.
2020.11.09 Audit Committee The consolidated financial statements for the nine months ended September 31, 2020. Duly noted the report and submitted for the Board’s confirmation. It was announced and reported to the competent authority as scheduled.
2020.12.15 Audit Committee Key Audit Matters for the Company’s consolidated financial statements of 2020. CPAs explained the rationale of selecting Key Audit Matter, the audit method and the difference from previous year. It was duly confirmed without opposition.