Implementation Regulations of Internal Control and Audit Systems for the Credit Departments of Farmers' and Fishermen's Associations Article 20

When an internal auditor learns any material omission, violation of rules or regulations or other situations that may lead to significant loss of the credit department, he or she should promptly report to the secretary-general, executive supervisor and chairman for further actions. If the aforementioned officers fail to take any action, the internal auditor should immediately file a report with the competent authority with a copy sent to the financial supervisory agency or financial examination agency commissioned by the central competent authority, the Agricultural Bank of Taiwan and the Central Deposit Insurance Corporation.Farmers’ and fishermen’s associations should commend internal auditors who discovered fraud.When a credit department is found to have a material omission or fraud, it shall make full disclosure in its internal audit report personnel responsible for the major omission.