Netac(SZ:300042) Zheng Quan Zhi Xing·2025-07-18 16:26Core Viewpoint - The document outlines the selection process and quality requirements for accounting firms engaged by Shenzhen Longke Technology Co., Ltd, aiming to enhance audit quality and financial information integrity [1][2]. Group 1: General Principles - The company establishes a system for selecting accounting firms to comply with national regulations and improve audit quality [1]. - The selection process requires approval from the audit committee, board of directors, and shareholders [1][2]. - The controlling shareholders and actual controllers are prohibited from interfering in the selection process [1]. Group 2: Quality Requirements for Accounting Firms - Selected accounting firms must possess necessary qualifications and have experience with at least three listed companies without major quality issues [1]. - Firms must adhere to auditing laws and maintain good professional ethics and reputation [1]. - The new accounting firm must not have received administrative penalties related to securities and futures business in the past year [1]. Group 3: Selection Procedures - The internal audit department conducts investigations and submits reports on the quality and integrity of competing firms [2]. - The audit committee reviews qualifications and submits recommendations to the board for approval [2]. - The selection process can include public bidding, invited bidding, and competitive negotiation to ensure fairness [2][3]. Group 4: Evaluation Standards - The evaluation criteria for accounting firms include audit fees, qualifications, performance records, quality management, and resource allocation [4]. - Quality management must account for at least 40% of the evaluation score, while audit fees should not exceed 15% [4][5]. Group 5: Responsibilities of the Audit Committee - The audit committee is responsible for establishing selection policies, reviewing proposals, and evaluating the performance of the selected accounting firms [6][9]. - The committee must conduct post-audit evaluations and report findings to the board [9][10]. Group 6: Reappointment and Dismissal Procedures - The company must notify accounting firms 30 days in advance before dismissing or not renewing their contracts [8]. - The audit committee must evaluate the quality of the accounting firm before recommending reappointment [8][9]. - Any changes in accounting firms must be disclosed, including reasons for dismissal and the previous firm's comments [8][9]. Group 7: Supervision and Penalties - The audit committee must monitor compliance with laws and the execution of audit agreements [10]. - Serious violations by accounting firms can lead to non-reappointment based on shareholder resolutions [10].