Organization of internal audit and its implementation
Home Corporate Governance Organization of internal audit and its implementation

The internal audit of Air Asia Company Limited is an independent unit directly report to the Board of Directors. Aim at implement the spirit of corporate governance, in addition to reporting in regular meetings of the Board. If necessary, report to the Board or Chairman immediately.

Major contents of General Audit, is implemented to the audit plan which adopted by the Board of Directors, which is based on the risks of identification and the Project Audit should be performed if needed. The implementation of the previous audit provides the management internal control status to understand the existing or potential lack of control. After the audit performed, the interior audit last process required to submit audit and tracking reports, and regular delivery of the Audit Committee.

The internal audit of the Company's internal audit system is to assist the Board of Directors and the managers in checking and reviewing the lack of internal control system and to measure the effectiveness and efficiency of the operation in order to achieve the purpose of the internal control system. The internal control system and the scope of the audit include all operations and subsidiaries of the Company.

The Review Audit of internal auditing is an self-evaluation exercise of internal control system performed by each department, which includes the inspection on whether the task is performed or not and review the documents to ensure the quality, and will integrate the result of self-evaluation together with internal control system discrepancies found by the auditors and improvements for the defects. The Review Audit is to be submitted to the Chairman of Board and Board of Directors as the basis of presenting internal control statement.

The internal audit and managing system of the Company is inspected and evaluated by the independent professional auditors, and so it can be possessing Integrity, rationality and effectively.

The communication policy and frequency between the Audit Committee and the internal audit supervisor of the Company are as follows:
1.Regular monthly use of email reports to audit execution progress, content and improvement.
2.Report the improvement progress of abnormal matters to the Audit Committee on a quarterly basis, reply to questions raised by Independent Directors or conduct project audits required by Independent Directors to ensure the effectiveness of the internal control system.
3.If any major violations are found, the Independent Directors shall be notified immediately from time to time.

The communications between the Independent Directors and the internal auditors are listed below.

Dates

Communication Matters

2021/12/21 

 1. Reviewing the internal audit report from Oct. to Nov. 2021
 2. Reviewing and approving the 2022 internal audit plan

2021/11/02

 Reviewing the internal audit report from Jul. to Sep. 2021 

2021/08/03

 1. Reviewing the internal audit report from Apr. to Jun. 2021
 2. Reviewing and approving amendments of internal control related policies and procedures 

2021/05/04

 Reviewing the internal audit report of Mar. 2021 

2021/03/23

 1. Reviewing the internal audit report from Jan. to Feb. 2021
 2. Reviewing and Approving 2020 Statement of Internal Control System 

2021/02/23

 Reviewing the internal audit report of Dec. 2020 

2020/12/23

 1. Reviewing the internal audit report from Oct. to Nov. 2020
 2. Reviewing and approving the 2021 internal audit plan 

2020/11/04

 Reviewing the internal audit report from Jul. to Sep. 2020 

2020/08/05

 Reviewing the internal audit report from Apr. to Jun. 2020 

2020/05/06

 Reviewing the internal audit report of Mar. 2020 

2020/03/26

 Reviewing the internal audit report from Jan. to Feb. 2020 

2020/02/20

 Reviewing the internal audit report of Dec. 2019