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Audit Committee
ABC-AETC assembled its Audit Committee in accordance with the Securities and Exchange Act during the 2020 Annual General Shareholders' Meeting, at which time the Company's supervisors were relieved from duty. The Audit Committee is composed of three independent directors.
The company established an audit committee at the regular shareholders' meeting in 109 of the Republic of China in accordance with the provisions of the Securities and Exchange Act. The committee shall be composed of all independent directors, and its number shall not be less than three.
The operation of the committee is conducted in accordance with the organizational rules of the audit committee, and its responsibilities are to review the following matters:
The Company's Audit Committee convenes on average once a quarter and operates in accordance with laws and regulations.
The contents of the discussion include reviewing financial reports, evaluating the effectiveness of the internal control system, and the implementation of internal audit business.
The term of the second audit committee list is: 112/06/09-115/06/08
The company established an audit committee at the regular shareholders' meeting in 109 of the Republic of China in accordance with the provisions of the Securities and Exchange Act. The committee shall be composed of all independent directors, and its number shall not be less than three.
The operation of the committee is conducted in accordance with the organizational rules of the audit committee, and its responsibilities are to review the following matters:
- Establish or amend the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.
- Assessment of the effectiveness of internal control systems.
- In accordance with Article 36-1 of the Securities and Exchange Act, stipulate or amend the procedures for handling major financial business activities such as acquiring or disposing of assets, engaging in derivatives transactions, lending funds to others, endorsing or providing guarantees for others.
- Consideration of matters involving directors’ own interests.
- Review significant assets and derivatives transactions.
- Consideration of significant capital loans, endorsements or guarantees.
- Consideration of the raising, issuance or private placement of securities of an equity nature.
- Assess the appointment, dismissal or remuneration of certification accountants.
- Appointment and removal of finance, accounting or internal audit managers.
- Review the annual financial report and quarterly financial reports.
- Review donations to related parties or major donations to non-related parties.
- Consideration of other major matters that should be resolved by shareholders' meetings or stipulated by the competent authority in accordance with laws or articles of association.
The Company's Audit Committee convenes on average once a quarter and operates in accordance with laws and regulations.
The contents of the discussion include reviewing financial reports, evaluating the effectiveness of the internal control system, and the implementation of internal audit business.
The term of the second audit committee list is: 112/06/09-115/06/08
| Job Title | Name | Main academic qualifications | Main Experience |
|---|---|---|---|
| Convener | Yung-Cheng Wang | Department of Business Administration | Professor at National Chung Hsing University and Director of Law and Business School Professor of Business Administration, National Taipei University Member of ABC-AETC Audit Committee and Remuneration Committee |
| Member | Yue-Shan Chang | Institute of Computer Science and Engineering | Dean of College of Electrical Engineering and Computer Science, National Taivan Unuversity Distinguished Professor of Departnent of Computer Science and Information Engineering, National Taipei University |
2023 Annual Audit Committee Implementation Status
The Company's Audit Committee is composed of three independent directors. As 2023 coincides with the replacement of the new members, the term of office of the old members is until June 8, 2023, and the term of office of the new members is June 9, 2023 to June 8, 2026. Their duties include reviewing the Company's financial statements, supervising the appointment and independence of CPAs, establishing or amending the internal control system, supervising the compliance of the Company's internal rules with relevant laws and regulations, and appointing department heads, internal auditors, accountants, legal consultants, and so on to attend the meeting as necessary. In 2023, the outgoing Audit Committee held 2 meetings, while the newly appointed Audit Committee held 3 meetings., for a total of five meetings, with an attendance rate of 100%.
For more information on the operation of the Audit Committee of ABC-ATEC, please refer to the 2024 Shareholders' Meeting Annual Report: https://www.atec-group-main.com/extrabold-52-53-page637
The attendance of the outgoing Audit Committee members：
The attendance of the newly Audit Committee members：
For more information on the operation of the Audit Committee of ABC-ATEC, please refer to the 2024 Shareholders' Meeting Annual Report: https://www.atec-group-main.com/extrabold-52-53-page637
The attendance of the outgoing Audit Committee members：
| Title | Name | Attendance in person | Attendance by proxy | Actual attendance rate (%) | Remarks |
|---|---|---|---|---|---|
| Convener | Yung-Cheng Wang | 2 | 0 | 100% | - |
| Member | Lan-Fen Wang | 2 | 0 | 100% | - |
| Member | Sen-Tien Wu | 2 | 0 | 100% | - |
The attendance of the newly Audit Committee members：
| Title | Name | Attendance in person | Attendance by proxy | Actual attendance rate (%) | Remarks |
|---|---|---|---|---|---|
| Convener | Yung-Cheng Wang | 3 | 0 | 100% | - |
| Member | Lan-Fen Wang | 2 | 0 | 100% | Resigned on August 10, 2023 |
| Member | Yue-Shan Chang | 3 | 0 | 100% | - |
The Company assessed the independence and suitability of CPAs with reference to the AQIs
The Audit Committee assesses the independence and suitability of its assigned CPAs on a yearly basis. In addition to requiring the CPAs to provide the "Declaration of Independence" and the "Audit Qualification Indicators (AQIs)" assessment, the assessment is also conducted in accordance with the criteria of Note 1 and 13 AQI indicators. It has been confirmed that the CPAs had no financial interests or business relationship with the Company, and that the CPAs' family members did not violate the independence requirements. By referring to the AQI index information, we confirm that the accountants as well as the firm have better audit experience and number of training hours is higher than the industry average. The assessment results for the most recent year were passed by the Audit Committee after discussion on March 9, 2023 and passed by the Board of Directors on March 9, 2023.