LME(SH:688589) Zheng Quan Zhi Xing·2025-03-26 11:16Core Viewpoint - The article outlines the selection system for accounting firms at Shenzhen Lihua Microelectronics Co., Ltd., emphasizing the need for compliance with relevant laws and regulations to ensure the authenticity and continuity of financial information [1][2]. Group 1: General Principles - The selection of accounting firms must adhere to established procedures and disclose relevant information [1]. - Major shareholders are prohibited from designating accounting firms before board and shareholder meetings [1]. Group 2: Quality Requirements for Accounting Firms - Selected accounting firms must possess independent legal status and necessary qualifications as per regulatory requirements [2]. - Firms must have a good reputation, with no significant quality issues or administrative penalties in the past three years [2]. Group 3: Selection Procedures - The selection process should utilize competitive negotiation, public bidding, or invitation bidding to ensure fairness [3]. - The selection results must be publicly disclosed, including the chosen firm and audit fees [3]. Group 4: Evaluation Factors - Evaluation factors for selecting accounting firms include audit fees, qualifications, quality management, and risk management capabilities [4]. - Quality management must account for at least 40% of the evaluation score, while audit fees should not exceed 15% [4]. Group 5: Reappointment and Special Regulations - The audit committee must evaluate the performance of the incumbent auditor before reappointment [5]. - Specific conditions warranting the replacement of an accounting firm include significant quality defects or delays in audit work [6][7]. Group 6: Communication and Disclosure - The company must disclose reasons for changing accounting firms, including any communication with the previous firm [8]. - The audit committee must investigate the reasons for any firm requesting to terminate its audit services [8]. Group 7: Implementation and Interpretation - The board of directors is responsible for interpreting the selection system, which takes effect upon approval by the shareholders' meeting [9].