Shentou’s auditors also serve as Independent Auditors for industrial clients in some of the highly regulated business sectors, for example, the gas cylinder and pressure equipment industry, due to the fact that the products and equipment involve the carriages of dangerous goods.

Nations importing these products and equipment, especially the Great Britain, the European Union, and North America, have in place very strict compliance processes and requirements on their manufacturing.

Auditing of the manufacturing facilities of these products and equipment according to standards and regulations formulated and enforced by sovereign states, industrial sectors or international communities is typically a central regulatory requirement, and the key to effective audit is the role of independent auditors.

While it is necessary for the auditors to possess proper audit qualification and technical knowledge, it is critical that the following criteria of the auditors are well established:

Integrity
▼ Integrity is a characteristic that is defined as having moral standards and ethics.
▼ Independent Auditors should behave honestly and fairly and abide by laws and regulations.

Objectivity
▼ Objectivity refers to the auditor’s impartial and unbiased mindset.
▼ Any circumstance that creates a risk that an individual’s ability to apply judgement or act in one role is, or could be, impaired or influenced by a secondary interest, regardless of whether the individual actually benefits, creates a conflict of interest and therefore impairs objectivity.

Confidentiality
▼ Any confidential information received by the Independent Auditors to be utilized in the audit activities shall be kept secret and confidential, and shall not be disclosed to any third party without prior written consent of the appropriate associated company, and the recipient shall take all necessary precautions to prevent the unauthorized disclosure and use of confidential information to any third party.

Leveraging on their proven track records on audits of automotive factories for international OE and aftermarket clients over the past 20 years, Shentou’s auditors are working with clients in other highly-regulated industries to support the requirements of Independent Auditors.