Implementation Rules for the Internal Audit and Internal Control System of Specialized Electronic Payment Institutions Article 20

The first-time internal auditors of a specialized electronic payment institution shall attend at least eighteen hours of audit-related professional training courses held by professional training institutions designated by the competent authority within six months from the date they start the audit work.The internal auditors (including the chief auditor) of a specialized electronic payment institution shall attend professional training related to electronic payment business offered by competent authority-designated professional training institutions or by the specialized electronic payment institution itself every year. The minimum number of training hours shall be ten hours for the chief auditor, and fifteen hours for the other internal auditors. If an auditor has obtained a certified internal auditor certificate in a year, the certificate may be used to offset the training hours for the year.Professional training courses related to electronic payment business offered by competent authority-designated professional training courses shall comprise not less than one half of the total hours of training under the preceding paragraph.A specialized electronic payment institution shall formulate self-inspection programs every year and continuously provide proper training to self-inspection personnel in accordance with the business nature of each unit.A specialized electronic payment institution shall verify that its internal auditors meet the qualification requirements set forth herein, and retain the verification documentation and records for future reference.