Core Points - The article outlines the selection system for accounting firms at Hebei Keli Automotive Equipment Co., Ltd, aiming to standardize the hiring process and enhance audit quality [1][2][3] Group 1: General Principles - The selection of accounting firms is governed by relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2] - The company must ensure that the selected accounting firm is independent and meets the qualifications set by regulatory authorities [2][3] Group 2: Selection Criteria - Selected accounting firms must possess independent legal status, necessary qualifications, and a good reputation in the industry [4] - The evaluation of accounting firms will consider factors such as audit fees, qualifications, quality management, and risk management capabilities [4][5] Group 3: Selection Process - The selection process should be competitive and transparent, utilizing methods like public bidding and competitive negotiation [3][4] - The audit committee is responsible for overseeing the selection process, including evaluating proposals and making recommendations to the board [5][6] Group 4: Audit Fees - Audit fees are subject to approval by the shareholders' meeting and can be adjusted based on various factors such as inflation and business complexity [5][6] - If audit fees decrease by 20% or more compared to the previous year, the company must disclose the reasons and details in its financial reports [5] Group 5: Responsibilities of the Audit Committee - The audit committee must ensure compliance with laws and regulations during the selection process and evaluate the performance of the hired accounting firm [5][6] - Regular assessments of the accounting firm's performance must be reported to the board [5][6] Group 6: Reappointment and Dismissal - The company can reappoint an accounting firm based on satisfactory performance, while significant issues may lead to dismissal [6][7] - The audit committee must conduct thorough evaluations before recommending reappointment or dismissal of an accounting firm [6][7] Group 7: Documentation and Compliance - All documents related to the selection and evaluation of accounting firms must be archived for at least 10 years [12] - The company must adhere to national laws and regulations, as well as its own articles of association, in the selection process [14]
科力装备: 会计师事务所选聘制度