Regulations Governing Derivatives Transactions Conducted by Insurance Companies Article 16
The audit department of the insurer shall perform the following duties and prepare a quarterly audit report which shall be passed by the board of directors:1. To audit the compliance of the processing procedure for Derivatives Transactions as well as the relevant laws and regulations;2. To audit the internal control measures, including the functions of internal checks and cross reference;3. To assess the independence of the risk management operations and implementation of the risk limitation measures;4. To verify the reliability of the sources of transaction documents and information; and5. To audit the hedging effectiveness of transactions for hedging purpose and differences between hedging effectiveness obtained for the expected portfolio and that for the actual portfolio.
中文原文 保險業從事衍生性金融商品交易管理辦法第16條
保險業稽核單位應依下列原則辦理查核作業，至少按季作成稽核報告，提報董（理）事會通過：
一、查核遵循從事衍生性金融商品交易處理程序及法令規定之情形。
二、查核內部控制措施時，應包括查核內部牽制及勾稽功能。
三、評估風險管理作業之獨立性及風險限額執行情形。
四、驗證交易文件資料來源之可靠性。
五、查核因避險目的從事衍生性金融商品交易之避險有效性及其差異情形。
一、查核遵循從事衍生性金融商品交易處理程序及法令規定之情形。
二、查核內部控制措施時，應包括查核內部牽制及勾稽功能。
三、評估風險管理作業之獨立性及風險限額執行情形。
四、驗證交易文件資料來源之可靠性。
五、查核因避險目的從事衍生性金融商品交易之避險有效性及其差異情形。