Audit Committee | Premier Manufacturer of High-Quality Power Inductors | ABC ATEC

Audit Committee | We offer customization services for inductors, transformers, connector thermal solutions, and mechanical parts.

Audit Committee

ABC-AETC assembled its Audit Committee in accordance with the Securities and Exchange Act during the 2020 Annual General Shareholders' Meeting, at which time the Company's supervisors were relieved from duty. The Audit Committee is composed of three independent directors.
The company established an audit committee at the regular shareholders' meeting in 109 of the Republic of China in accordance with the provisions of the Securities and Exchange Act. The committee shall be composed of all independent directors, and its number shall not be less than three.

The operation of the committee is conducted in accordance with the organizational rules of the audit committee, and its responsibilities are to review the following matters:
Establish or amend the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.
Assessment of the effectiveness of internal control systems.
In accordance with Article 36-1 of the Securities and Exchange Act, stipulate or amend the procedures for handling major financial business activities such as acquiring or disposing of assets, engaging in derivatives transactions, lending funds to others, endorsing or providing guarantees for others.

  • Consideration of matters involving directors’ own interests.
  • Review significant assets and derivatives transactions.
  • Consideration of significant capital loans, endorsements or guarantees.
  • Consideration of the raising, issuance or private placement of securities of an equity nature.
  • Assess the appointment, dismissal or remuneration of certification accountants.
  • Appointment and removal of finance, accounting or internal audit managers.
  • Review the annual financial report and quarterly financial reports.
  • Review donations to related parties or major donations to non-related parties.
  • Consideration of other major matters that should be resolved by shareholders' meetings or stipulated by the competent authority in accordance with laws or articles of association.

The Company's Audit Committee convenes on average once a quarter and operates in accordance with laws and regulations.
The contents of the discussion include reviewing financial reports, evaluating the effectiveness of the internal control system, and the implementation of internal audit business.
The term of the second audit committee list is: 112/06/09-115/06/08

Job TitleNameMain academic qualificationsMain Experience
ConvenerYung-Cheng WangDepartment of Business AdministrationProfessor at National Chung Hsing University and Director of Law and Business SchoolProfessor of Business Administration, National Taipei University
Member of ABC-AETC Audit Committee and Remuneration Committee
MemberYue-Shan ChangInstitute of Computer Science and EngineeringDean of College of Electrical Engineering and Computer Science, National Taiwan University
Distinguished Professor of Department of Computer Science and Information Engineering,  National Taipei University

2022 Annual Audit Committee Implementation Status

Audit CommitteeActual attendanceNumber of delegated attendancesActual attendance rateAudit Committee
Independent DirectorLan-Fen Wang50100.00
Independent DirectorYung-Cheng Wang50100.00
Independent DirectorSen-Tian Wu50100.00

The Company assessed the independence and suitability of CPAs with reference to the AQIs
The Audit Committee assesses the independence and suitability of its assigned CPAs on a yearly basis. In addition to requiring the CPAs to provide the "Declaration of Independence" and the "Audit Qualification Indicators (AQIs)" assessment, the assessment is also conducted in accordance with the criteria of Note 1 and 13 AQI indicators. It has been confirmed that the CPAs had no financial interests or business relationship with the Company, and that the CPAs' family members did not violate the independence requirements. By referring to the AQI index information, we confirm that the accountants as well as the firm have better audit experience and number of training hours is higher than the industry average. The assessment results for the most recent year were passed by the Audit Committee after discussion on March 9, 2023 and passed by the Board of Directors on March 9, 2023.

Audit Committee | Premier Manufacturer of High-Quality Power Inductors | ABC ATEC

ABC ATEC, established in 1979 in Yangmei, Taiwan, is a premier manufacturer of high-quality inductors. Our extensive product range includes chokes, filters, chip inductors, power inductors, common chokes, and RF inductors. With more than four decades of experience in the industry, we have developed and possess key production technologies and numerous patents, positioning us at the forefront of innovation and quality in inductor manufacturing.

With 45 years of expertise in professional inductor design and manufacturing, we offer tailored services for inductors, transformers, connector, thermal solutions, and mechanical partts. Our solutions cater to various sectors including automotive, industry, telecommunications, medical and consumer electronics applications. We are proud to have achieved IATF16949 Quality Certification, ensuring the highest standards in our products. Additionally, we continuously innovate, holding key production technologies and patents to enhance our offerings.

ABC ATEC has been offering customers efficient power inductors since 1979. With both advanced technology and 45 years of experience, ABC ATEC always ensures to meet each customer's demands.