Scope of Work of the Auditors Office


1.To assess the internal control system of the Corporation and its subsidiaries.

2.To assess whether the plans, organizations and managing procedures are efficient enough to achieve the goals of the Corporation.

3.To audit whether the managers have set up standards to evaluate the economy and efficiency of manpower, equipments,materials and other resources , and have found the ways to improve it as well.

4.To ensure the reliability and integrity of financial and operating information, and to audit whether the controls over record keeping and reporting are adequate, effective, and timely.

5.To review whether the management has established appropriate means to safeguard assets from various types of losses such as those resulting from theft, fire, improper or illegal activities, and exposure to the elements.

6.To review the reliability of regular inventory taking procedures, and to verify the existence of assets by random checking.

7.To evaluate whether the operating standards and procedures set by management are complying with applicable laws and regulations, and to ensure that management has taken actions to prevent or correct any bias behavior.

8.To ascertain that the Corporate polices and regulations are in compliance.

9.To discover the internal activities in violation of any act or regulation.

10.To review the self-inspection reports prepared by all departments and subsidiaries.

11.All other affairs handed by the authorities.

12.The priorities to carry out the above mentioned duties are determined by risk assessment and depend on the manpower of the Auditors Office.