Major Roles and Responsibilities of the Internal Auditor:
a) Evaluates and provides reasonable assurance that risk management, control, and governance are functioning as intended for all required systems, processes and/or risks enabling the Company to meet its objectives and goals;
b) Reports risk management issues and internal control deficiencies identified directly to the Audit Committee, or equivalent group-level governance structure for Foreign Companies, and provides recommendations for improving the Company’s operations, in terms of both efficient and effective performance;
c) Evaluating the risk exposures relating to the achievement of the Company’s objectives;
d) Evaluating the reliability and integrity of information and the means used to identify, measure, classify and report such information;
e) Evaluating the information security and probabilities of exposure to its related risks.
f) Evaluates regulatory compliance program with consultation from legal counsel;
g) Evaluates the Company’s readiness in case of business interruption; and
h) Teams with other internal and external resources as appropriate.
The Company shall have an annual audit plan and a risk assessment performed annually and aligned to the annual audit master plan.