CFLED(SZ:300301) Zheng Quan Zhi Xing·2025-08-04 16:47Core Viewpoint - The article outlines the selection and appointment procedures for accounting firms by Shenzhen Changfang Group Co., Ltd., aiming to enhance the quality of financial information disclosure and ensure compliance with relevant laws and regulations [2][3]. Group 1: General Principles - The company establishes this system to regulate the selection (including reappointment and replacement) of accounting firms, ensuring adherence to the Company Law and other relevant regulations [2]. - The appointment of accounting firms for financial auditing must follow the prescribed procedures and disclose relevant information [2]. Group 2: Conditions for Selecting Accounting Firms - Selected accounting firms must possess independent legal status and the necessary qualifications as mandated by regulatory authorities [2]. - Firms should have a fixed workplace, sound organizational structure, and robust internal management systems [2]. - They must be familiar with financial laws and regulations and have a good record of professional ethics and quality [2]. Group 3: Procedures for Selecting Accounting Firms - The audit committee is responsible for the selection process and must propose the initiation of the selection work [3]. - The selection process should involve competitive negotiation, public bidding, or invitation to tender to ensure fairness [4]. - The results of the selection must be publicly disclosed, including the proposed accounting firm and audit fees [4]. Group 4: Evaluation Standards for Selected Firms - The evaluation criteria for accounting firms must include audit fees, qualifications, professional records, quality management, and risk management capabilities [5][6]. - Quality management should have a weight of no less than 40% in the evaluation, while audit fees should not exceed 15% [6]. Group 5: Procedures for Replacing Accounting Firms - The company must replace the accounting firm if there are significant defects in their professional quality or if they cannot fulfill their obligations [9]. - The audit committee must conduct due diligence and propose a new firm to the board if a vacancy arises during the audit period [10]. Group 6: Supervision and Penalties - The audit committee must ensure that the selected accounting firms adhere to business rules and internal controls [11]. - If violations occur, the audit committee must report to the board, which may lead to penalties for responsible individuals [11][12].