Regulations Governing the Implementation of Internal Control and Audit System and Business Solicitation System of Insurance Agent Companies and Insurance Broker Companies Article 17

Auditors shall conduct a routine audit on different management units of the company at least once every year, and a special audit as deemed necessary. However, this requirement does not apply to banks that have been approved to adopt a risk-based internal auditing system by the competent authority in accordance with Implementation Rules of Internal Audit and Internal Control System of Financial Holding Companies and Banking Industries.Auditors shall include the implementation status of compliance system into the routine audit or special audit of business and management units.