Implementation Regulations of Internal Control and Audit Systems for the Credit Departments of Farmers' and Fishermen's Associations Article 16

Internal auditors shall draw up an audit plan for the following year in accordance with the requirements of the central competent authority and based on the operational and management needs of the credit business and past work experience. The audit plan shall be submitted to the secretary-general in a confidential manner for approval and implemented accordingly.Internal auditors shall conduct at least one general audit and one special audit of the credit business related units every year. For business units with deficiencies in business operation, the internal auditor should conduct review at least once every three months. If deemed necessary, the competent authority may order a farmers’ or fishermen’s association to conduct a special audit.When the duties performed by the board of supervisors of a farmers’ or fishermen’s association according to law involves credit business, the internal auditor should provide assistance.