Implementation Regulations of Internal Control and Audit Systems for the Credit Departments of Farmers' and Fishermen's Associations Article 7

An internal auditor shall meet the following qualification requirements:1. Having graduated from a senior vocational school with a major in business or related division/section and having not less than 3 years of experience in financial business; or having not less than 6 years of experience in financial business and having worked not less than 3 years as an auditor at an accounting firm or a programmer or system analyst at a computer firm, and during which, having received not less than 3 months of training in financial business and administration.2. Free of any record of demerit or more serious disposition from employer in the last three years, unless the demerit record was a result of joint and several disciplinary action on account of the violation or offense of a co-worker, and the demerit has been offset by other merits; and3. Having attended auditor training course or computer audit training course offered by a professional training institution recognized by the central competent authority and obtained a completion certificate therefor.If the internal auditor of a credit department that has been established for less than three years or is situated in a remote area does not meet the qualification requirements set out in the preceding paragraph, the credit department shall report to the competent authority for approval under a special case status.