16.Internal Control

As required by law to submit a report on adequacy of internal controls and procedures over financial reports (internal control report), ACCRETECH Group shall establish, maintain and improve an internal control system for financial reports to ensure their reliability.

ACCRETECH Group shall establish internal standards and regulations on business activities, conduct activities according to them, and make accurate reports, approvals, records and control for such activities. ACCRETECH Officers and Employees should not falsify them, direct falsification, or engage in falsification.

ACCRETECH Group shall abide by laws and accounting standards, and conducts accounting and financial reporting according to the generally accepted accounting principles. ACCRETECH Officers and Employees should endeavor to make accurate accounting records and financial reports and should not falsify them, direct or engage in falsification.