Regulations Governing the Internal Controls and Audit System for Postal Remittances and Savings Article 16

Chunghwa Post shall, after having regard to its investment scale, business condition (the number of its branches and amount of business), management needs, and relevant provisions of rules and regulations, staff competent persons in an appropriate number as full-time internal auditors who shall perform their duties in a detached, independent, objective, and impartial manner. Personnel of the internal audit unit shall be deputy to each other to cover each other's absence.Auditors in charge of auditing the savings and remittances business are required to have a college degree, to have passed the Senior-Grade Civil Service Examination or an equivalent exam, to have passed the Operating position Examination or an equivalent exam, to have been working in postal services for over five years, to have a clean record (with no demerits or more serious offenses) within the last three years, and to have one of the following qualifications:1. Two years or more experience in postal savings and remittances or financial operations.2. Two years or more experience in financial management or computer information in postal administration and at least three months of training in savings and remittances business and management.3. If a lead auditor, have no less than three(3) years of experience in auditing or financial examination, or have no less than one(1) year of experience in auditing and no less than five(5) years of experience in financial business.Chunghwa Post shall examine at all time whether the internal auditors have violated the regulations in the preceding two paragraphs. If the auditor has violated the rules, the company should order the auditor to make improvement within two(2) months and should be transferred to other job if he or she fails to make such improvement.With regard to the demerits or worse offenses mentioned in paragraph 2, if the offense in question was a joint or group punishment resulting from the violation of other people and the offense has been erased from the employee’s record due to contributions made, the demerit or greater offense shall not be taken into consideration.