Corporate Governance

Internal Audit

PixArt's Internal Audit is an independent unit and reports directly to the Board of Directors. PixArt appoints experienced, professional and full-time internal auditor(s) to meet operation needs and regulations.

The appointment of the audit supervisor must be approved by the Audit Committee and submitted to the Board of Directors for resolution. The appointment, evaluation and remuneration of the audit personnel shall be handled according to the related personnel regulations of the Company. Evaluations shall be conducted twice a year. The aforementioned evaluations and remuneration shall be signed by the audit supervisor and approved by the Chairperson of the Board of Directors.

Internal auditor(s) conducts audits according to annual audit plan. Internal Audit prepares annual audit plan based on the result of risk assessment and submits the plan to the Board of Directors for approval. Audit reports which identify deficiencies of the internal control system and contain recommendations for improvements are periodically submitted to, and reviewed by, the Audit Committee and the Board of Directors.

Internal Audit