Internal Audit

NDB Internal Audit Office is an independent unit under the board of Directors. There are two auditors including the internal auditing officer and one auditor. The appointment and removal of the internal auditor must be approved by the Board of Directors. The auditing officer reports audit performance to chairman and president on a regular basis and attends the board of directors meeting to report the situation of internal control in the Corporation. The purpose of internal audit is to assess the internal control systems of the Corporation and its subsidiaries.

 

Communication among the supervisor, the internal auditor and the accountant:

1. The annual audit plan is submitted to supervisors.

2. The internal auditing officer attends the board of directors meeting to report audit reports and reporting follow-up items to supervisors.

3. The supervisors audit and review the financial report of the Company.

Date of Meeting Items of communication
108.03.25

1. The audit result of 2018 financial report.

2. The influences of principle adjustment to new bulletin-IFRS9 year 2018.

3. The future influences of new bulletin-IFRS16.

 

109.03.26

1. The audit result of 2019 financial report.

2. The influences of principle adjustment to new bulletin-IFRS16 year 2019.

3. Applying and updating new regulations and laws.

 

 

Communication between the independent directors and the internal auditor:

1. The internal auditor reports audit performance to independent directors every half year. The communication between the independent directors and the internal auditor is well and effective.

Date of Meeting Agenda of Discussion Result of Discussion
2020.11.12

1. Audit report for July-October 2020.

2. Annual Audit Plan for year 2021.

No comments.

 

2. The annual audit plan is submitted to independent directors by audit supervisors and independent directors have no opinion.

3. The internal auditor attends the Board of Directors meeting to present audit report, and independent directors have no opinion.