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.