The Internal Audit Office

The internal audit office is an independent unit that directly reports to the Board of Directors, assigned a compliance with regulations audit supervisor to handle and execute all the related affairs.

Besides reporting to the Board of Directors during board meetings, the internal audit office supervisor briefs the Chairman and the Audit Committee on a regular and as needed basis.

Internal audit is to review the internal controls in the company's processes on those controls with respect to the adequacy, effectiveness, and efficiency of design as well as actual functioning on a day-to-day basis, and makes timely recommendations for improvements to ensure the sustained operating effectiveness of the systems; All departments of the company and its subsidiaries are open for review by internal audit.

The internal audit office besides regular internal audits is executed according to the annual audit plan approved by the Board of Directors, and special audit projects are implemented as needed. These audits enhance internal control and provide timely recommendations for future improvements, after presenting the reports, follow up on the matter and prepare follow-up reports on a regular basis to ensure that the relevant departments have taken appropriate corrective actions in a timely manner.

The internal audit office to examine the mechanisms and results of self-assessments prepared by all departments and subsidiaries of the company to ensure the quality of implementation. The internal Audit office then consolidates related inspection reports for the Board of Directors and the President of the Company to generate the Internal Control System Statement.