GOVERNANCE Corporate Governance
• Internal Audit
1.Purpose of Internal Audit
1-1.Strengthen the internal control environment
1-2.Improve efficiency and reduce risk
1-3.Audit in advance to prevent problems before they happen
1-4.Ensuring compliance with laws and regulations
1-5.Assist in achieving company goals
1-6.Provide diversified services for companies and related companies
2.Internal audit organization
2-1. The audit office of the company is an independent unit. The appointment and dismissal of the internal audit supervisor should be approved by
the audit committee and submitted to the resolution of the board of directors.
3.Operation of Internal Audit
3-1.Tait has established and carries out “internal control systems,”“internal audit implementation rules” and “procedures and methods for
internal control self-evaluation operations” according to the Regulations Governing Establishment of Internal Control Systems promulgated by
the Securities and Exchange Act.
3-2.Internal audits shall be executed in accordance with the audit plans, which shall be approved by the Board of Directors and formulated based on
the results of the risk assessment. Special audit plans shall be executed if needed.
3-3.After conducting internal audits, UPEC shall prepare and submit the audit report to the Chairman (or authorized person). The internal auditors
shall make recommendations and communicate with the audited department if any defect or irregularity is found, and shall follow up on the
correction process regularly.
3-4. In addition to the Chairman (or authorized person), the audit report and correction process shall also be reviewed by the independent directors
and reported to the Board of Directors and the Audit Committee.
3-5.The internal audit office shall review the self-evaluation reports prepared by all departments and subsidiaries and submit the self-inspection
reports together with the reports on the correction of defects and irregularities of internal control systems. This review shall serve as the primary
basis for the Board of Directors and President to evaluate the overall efficacy of all internal control systems and to produce Internal Control
System Statements.