Cyberlink's Internal Auditing Unit, which reports directly to the board of directors, functions independently in executing its internal audit plans. Besides regularly reporting to the board during ordinary meetings, the Internal Auditing Unit periodically informs CyberLink's executives, the independent directors, the results of internal audits.
The function of the Internal Auditing Unit is to review the execution of internal controls applied within the company and its subsidiaries, and to report periodically on the design and execution of these internal controls with regard to their adequacy and effectiveness.
The Internal Auditing Unit executes an annual auditing plan that is approved by the board of directors. The annual auditing plan is designed in accordance with regulations made by the Financial Supervisory Commission (Taiwan) and other controlling organizations. Special audits and the tracing of improvements are conducted as needed. By reviewing audit results, the executives, independent directors and supervisors, can understand how well internal controls have been implemented and how effectively the internal audit has been applied. Each audit highlights weaknesses and risks in the company's operations.
To ensure a consistently high quality of internal controls, the Internal Auditing Unit reviews the self-assessments conducted by CyberLink's departments and operational units, consolidates the results, and then reports to the company's executives and board of directors.
