BANK OF CHINA(601988) 证券之星·2025-03-26 11:17Core Viewpoint - The Audit Committee of Bank of China has reported on its performance for the year 2024, highlighting its responsibilities and activities in overseeing external auditors and internal controls [1][2]. Group 1: Audit Committee Responsibilities - The committee consists of five members, including independent directors, with Liu Xiaolei serving as the chair [1]. - Key responsibilities include evaluating and supervising external auditors, reviewing annual financial reports, and ensuring the accuracy and completeness of financial information [2][3]. - The committee also discusses significant accounting issues, internal control deficiencies, and fraud cases, providing recommendations to the board [2][3]. Group 2: 2024 Audit Plan and Financial Reports - The committee approved the 2024 internal audit work plan and financial budget, as well as reviewed various financial reports for 2023 and 2024 [3][4]. - It emphasized the importance of communication with external auditors regarding the audit plan, focusing on risk areas and compliance [4]. - The committee maintained communication with external auditors and facilitated discussions between independent directors and auditors to ensure transparency [4]. Group 3: Governance and Internal Control - The committee played a crucial role in enhancing corporate governance, strengthening internal audit independence, and improving asset quality [3]. - It provided significant suggestions for improving internal control measures in response to changes in the economic and financial landscape [3].