Auditor's Authority & Responsibility
Authority
- Auditing of Operations & Financial Statements - Comprehensive audit, specific audit, usual audit, etc.
- Board of Directors Meeting Attendance, Right of Statement - The Auditor under the sole governing system is not allowed to exercise his/her vote, but can express his/her opinion at the board of directors' meeting.
- Power of Representation over Specific Issues - When the interests of the director and the institution conflict with each other, the Auditor can represent the institution.
- Right to Solicit: The Auditor can make a request to the director to provide an organization, personnel and budget necessary to perform audit work
Responsibility
- Improving Institutional Operating Efficiency - Enhancing institutional operating efficiency through financial soundness
- Strengthening Internal Control System - Conducting a perpetual monitoring on internal control system
- Regulatory Compliance - Oversight to ensure that personnel take steps to comply with relevant laws and regulations.
- Integrity Enhancement - Raising integrity through precautionary steps
Directions to Strengthen Internal Audit Function: Enhancement of accountability and professionalism
Public Notice and Report
- Public announcements of the audit results
- Reporting to the government concerning the observances of management guidelines
Improving Professionalism
- Specifying qualifications of auditors (certified public accountant, lawyer, etc)
- Holding audit workshops on a regular basis and revision of auditing manuals
Rational Improvement of Evaluation Indicators
- Strengthening Professionalism
- Improving operational performance of internal audit
- Strengthening the preventive audit function