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Article 16
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The internal auditors of a public company shall be detached, independent, objective, and impartial, in faithfully performing their duties, and shall exercise due professional care, and in addition to reporting their audit operations to each supervisor on a regular basis, the internal audit officer shall also attend and deliver a report to a board of directors meeting.<br/>The internal auditors shall perform their duties in good faith and shall not do any of the following:<br/>1. Conceal or make false or inappropriate disclosure of any the company's business activities, reporting, or compliance with applicable laws, regulations, and bylaws, knowing that they have caused direct damage to an interested party;<br/>2. Damage any right or interest of the company or any interested party through neglect of duty;<br/>3. Act beyond the scope of audit functions or engage in other improper activity, with the intent to gain illegal benefit for him/herself or a third party, violate the auditor’s duties or embezzle company assets.<br/>4. Conduct an audit on a department where he/she worked within the past 1 year.<br/>5. Fail to recuse him/herself from auditing of cases in which he or she has a personal interest or has a conflict of interest.<br/>6. Fail to audit any matter as instructed by the FSC or provide relevant information; or<br/>7. Provide, promise, request, or accept, directly or indirectly, unreasonable gifts, entertainment, or any other improper benefits in whatever form.<br/>8. Any other activity in violation of any act or regulation or prohibited by any rule of the FSC.
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