Independent Directors
Independent Directors
Communication between the Company’s Independent Directors and CPAs in 2023
Date |
Meeting of the Audit Committee |
Subject |
Details |
Mar. 13, 2023 |
Third Meeting in 2023 |
The CPAs communicated with the Company’s independent directors in the meetings of the Audit Committee. |
1. Independence. 2. Scope of annual financial statements audit. 3. Types of audit and responsibilities of relevant personnel. 4. Audit findings (including key audit matters): l Significant accounting estimates - Inventory l Significant accounting estimates - Refund liabilities 5. Important regulatory updates: l Amendment of "Regulations Governing the Preparation of Financial Reports by Securities Issuers". l Summary of recent updates for generally accepted auditing standards. l “Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies”. l “Operation Directions for Compliance with the Establishment of Board of Directors by TWSE Listed Companies and the Board's Exercise of Powers”. l “Rules Governing Financial and Business Matters Between this Corporation and its Related Parties”. |
May 10, 2023 |
Fourth Meeting in 2023 |
The CPAs communicated with the Company’s independent directors in the meetings of the Audit Committee. |
1. Independence. 2. Responsibilities of personnel in charge of auditing the interim financial statements. 3. Scope of audit. 4. Audit findings (including key audit matters): l Significant accounting estimates - Inventory l Significant accounting estimates - Refund liabilities 5. Important regulatory updates: l Q&A (revision of January 19, 2023) on "Regulations Governing the Preparation of Financial Reports by Securities Issuers". l Sustainable Development Action Plan for 2023. |
Aug. 10, 2023 |
Sixth Meeting in 2023 |
The CPAs communicated with the Company’s independent directors in the meetings of the Audit Committee. |
1. Independence. 2. Responsibilities of personnel in charge of auditing the interim financial statements. 3. Types of auditing conclusion and scope of audit. 4. Audit findings (including key audit matters): l Significant accounting estimates - Inventory l Significant accounting estimates - Refund liabilities 5. Annual audit plan. 6. Important regulatory updates: l Q&A (revision of January 19, 2023) on "Regulations Governing the Preparation of Financial Reports by Securities Issuers". l Sustainable Development Action Plan for 2023. |
Nov. 10, 2023 |
Seventh Meeting in 2023 |
The CPAs communicated with the Company’s independent directors in the meetings of the Audit Committee. |
1. Independence. 2. Responsibilities of personnel in charge of auditing the interim financial statements. 3. Types of auditing conclusion and scope of audit. 4. Audit findings (including key audit matters): l Significant accounting estimates - Inventory l Significant accounting estimates - Refund liabilities 5. Important regulatory updates: l Introduction to IFRS Sustainability Disclosure Standards. l “Operation Directions for Compliance with the Establishment of Board of Directors by TWSE Listed Companies and the Board's Exercise of Powers”. |
Communication between Independent Directors and Internal Auditing Officer in 2023
Date |
Subject |
Details |
Feb. 20, 2023 |
Summary of audit findings on the subsidiary in Thailand for the period from June to December in 2022. |
An audit report with findings of deficiencies. |
Mar. 3, 2023 |
Statement on Effectiveness of the Design and Implementation of the Internal Control System in 2022. |
1. Self-evaluation reports issued by all the units: their implementation was well done. 2. All l regulations and procedures: their design and implementation were stated to be effective. |
Apr. 25, 2023 |
Audit findings on the subsidiary in China in 2022 and its correction measures. |
A total of 10 follow-up reports → All of audit deficiencies have been corrected. |
Jun. 14, 2023 |
Summary of audit findings on the subsidiary in China for the period from January to June in 2022. |
A total of 2 audit reports with findings of deficiencies → All of audit deficiencies have been corrected. |
Jun. 26, 2023 |
Summary of audit findings on the subsidiary in China for the period from July to December in 2022. |
A total of 1 audit reports with findings of deficiencies → All of audit deficiencies have been corrected. |
Jul. 21, 2023 |
Independent Director Mr. Chen, Hsiang-Sheng requested a statistic of whistleblower reports. |
Independent Director Mr. Chen, Hsiang-Sheng requested Internal Auditing Officer to report a statistic of Whistleblower Reports in the meetings of the Audit Committee or the Board of Directors on Aug. 10, 2023. → Internal Auditing Officer reported that there was no whistleblower reports. |
Jul. 27, 2023 |
1. A statistic of whistleblower reports in 2022 2. Audit findings on the subsidiary in Thailand in 2022 and its correction measures. |
1. A statistic of whistleblower reports in 2022: 0. 2. A total of 4 follow-up reports →All of audit deficiencies have been corrected. |
Oct. 30, 2023 |
Annual audit plan for 2024 |
The 2024 annual audit plan includes 20 projects and 37 audit reports. |