Internal Audit

Sincere Navigation Corporation’s Internal Audit function is an independent unit that reports directly to the Board of Directors. The board appoints qualified members to act as full-time internal auditors according to the needs of the business and senior management, and other applicable laws and regulations. There is one permanent members of the internal audit team.

The Internal Audit’s purpose is to ensure the operating effectiveness and efficiency (included profit, performance, the guarantee of assets, etc.), and the reliability of financial report to other applicable laws and regulations.

Sincere Navigation Corporation’s Internal Audit is based on “Regulations Governing Establishment of Internal Control Systems by Public Companies” in establishing the process of management control.  Providing a reasonable assurance regarding the achievement of objectives, the system has five components: Control Environment, Risk Assessment, Control Activities, Information and Communication, Monitoring.

 

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