Audit Committee

M3Tek's Audit Committee assists the Board in overseeing the quality and integrity of the accounting, auditing,reporting and  financial control practices of the company. The Audit Committee is responsible to review the Compnay's：
♦The effectiveness of the company internal control process.
♦The assessment of the effectiveness of the auditing and accounting policies and procedures.
♦ Matters involving directors' own interests.
♦ Material asset of derivatives transactions.
♦ Material lending of funds, endorsements of guarantees.
♦ Offering or issuance of any equity-type securities.
♦ The appointment of dismissal of an attesting certificated public accountants, or the compensation given thereto.
♦ Appointment or discharge of financial, accounting or internal audit officers.
♦ Other significant matters required by the Company or competent authorities.

Audit Committee Membership

The independent directors regularly communicate with the internal audit Manager and the certificated public accountant. The communications channel and interactions are functioned well.

The internal audit manager reports the annual audit plan execution and audit finding improvement status to independent directors at periodic meetings. They also exchange their opinions for the effectiveness of internal control implementation of the Company. 

The certificated public accountant discuss with the independent directors  on the review or audit of the Company's financials, or on financial, tax and internal.

Summary of the meeting agenda that was communicated between the independent directors and internatl audit manager and CPA is shown in the following table: