The Organization and Pursuit of the Internal Audit

The Organization and Staffing
of the Auditing Office01

WW Holding is persistent in professionalism. As always, the Company seeks to ceaselessly upgrade its craftsmanship and technological-know-how as well as improvement for higher quality. After years of efforts and persistence in the industry, the Company has been extensively recognized. In the future, WW Holding will continue to upgrade its professional standing and bring to the world products of even higher quality. In general, the performance of the Company in quality in 2013 conformed to customer standard, and has been recognized as a supplier of good quality for many famous brands in sports goods of USA.
Shareholders' Meeting
Board of Directors
Audit office
Compensation Committee
Audit Committee
Chairman
General Manager
FASHION
Business
SPORTS
Business
Finance Department

The Organization of the Internal Audit02

( 一 ) The Organization and Staffing of the Auditing Office

The Auditing Office assists the Board and the senior management in the conduct of independent and objective assessment of the viability, the effectiveness and status of enforcement of the internal control system of WW Holding. This office gives timely recommendation for making improvements and determines if the internal control system can reasonably and effectively be implemented. At the appointment of the Board and the senior management, this office also provides services in related investigation, assessment and consulting to assist the Board and the senior management to perform the duty of corporate governance.

( 二 ) The Organization of the Auditing Office

The Auditing Office of the Company is directly under the Board and led by the Chief Auditor. The Chief Auditor supervises and administers the work of internal audits; the appointment and dismissal of the Auditor shall be subject to the consent of the Board. The Auditing Office is staffed with several full-time internal auditors responsible for the conduct of regular audits and special audits at regular intervals or at any time as needed.

The Pursuit of Internal Audit03

The Auditing Office of the Company is directly under the Board and led by the Chief Auditor. The Chief Auditor supervises and administers the work of internal audits; the appointment and dismissal of the Auditor shall be subject to the consent of the Board. The Auditing Office is staffed with several full-time internal auditors responsible for the conduct of regular audits and special audits at regular intervals or at any time as needed.
( 一 )
( 一 )
The annual audit of the parent company: Map out the annual audit plan on the basis of the result of risk assessment and the requirements of the competent authority subject to the approval of the Board. The dimensions of audit shall include without limitation to operation audit and compliance audit.
( 二 )
( 二 )
Audit items: Conduct routine special audits as per the management needs of the Board and the senior management.
( 三 )
( 三 )
Self- assessment of internal control: Organize [Self-assessment of internal control] annually in the Company as required by law. Respective segments shall conduct self-review on the reasonability, performance and effectiveness of the control in various operations subject to the review of the Auditing Office. The findings will be reported to the Board.
( 四 )
( 四 )
Audit on subsidiaries: Conduct regular and special audits on the subsidiaries of the group on the basis of the annual audit plan or as instructed by the Board to assess and determine the attainment of operation goal, reliability of financial reporting, and the suitability of internal control. This will help the group to ensure proper operation performance, compliance and operation efficiency of the subsidiaries of the group.
( 五 )
( 五 )
Special consultation services: The Auditing Office also gives advice on the improvement of operation efficiency of the process and the design of internal control system to assist them to upgrade operation efficiency and performance.
As for the aforementioned services, the audit reports and audit worksheet presented by the Auditing Office covers the requirements of the internal control systems and the assessment of the business process so as to determine if the requirements and control of procedure currently in effect are appropriate, the management and the business units have properly implemented the internal control system, and if the result is reasonable, and give recommendation for making timely improvements.
The internal auditors must be impartial and objective in performing their duties and in the spirit of seeking the truth and in an attitude of humbleness, sincerity, industry, sensitivity and courage. These are essential for the sustained effective function of the internal control system for assisting the management to perform its duties.

The Program of Internal Audit04

01
Compensation Committee Charter
105 / 07 / 26
146KB / pdf