The Company has implemented an integrated internal control system by setting up an independent internal audit unit, which have arranged an Internal Audit Charter as a reference and an operational standard and have the authority to conduct their audit in all departments within the Company
In performing their duties, the internal audit unit can work independently and have full support from the Directors. The monitoring process is carried out on all operational activities within the Company as well as financial activities including examining the procedures and fairness of financial transactions, documentation and flow of authorization both before and after the transaction. Directors will always evaluate the working results of the unit, including determining the working standards and corrective actions need to be accomplished on the audit findings. The Board of Commissioners is actively involved in reviewing and assessing whether the internal control system is working effectively and adequately.
During 2024, the internal audit unit has communicate intensively with the Company's Board of Commissioners, the Directors and the Audit Committee, to discuss the unit's audit plan and inform the audit findings together with their corrective actions.