BAMC(SH:601137) Zheng Quan Zhi Xing·2025-08-18 16:17Core Viewpoint - The internal audit management system of Ningbo Bowei Alloy Materials Co., Ltd. aims to enhance internal audit work and ensure compliance with relevant regulations and company bylaws [1]. Group 1: Internal Audit Structure - The company has established an audit department responsible for internal audit work, reporting directly to the board of directors and the audit committee [4]. - The audit department must have at least three dedicated personnel with relevant theoretical knowledge and professional capabilities in auditing, accounting, financial management, and related fields [2]. - The internal audit department must maintain independence and not be under the leadership of the finance department [2]. Group 2: Responsibilities and Authority of the Audit Committee - The audit committee is responsible for guiding and supervising the internal audit department, reviewing annual audit plans, and reporting on audit progress and significant issues to the board [9][10]. - The internal audit department must report its findings and audit plans to the audit committee, which also coordinates relationships with external audit entities [9]. Group 3: Internal Audit Department Responsibilities - The internal audit department is tasked with evaluating the integrity and effectiveness of internal control systems across the company and its subsidiaries [10]. - It must audit the legality, compliance, and accuracy of financial and economic activities, including financial reports and performance forecasts [10]. - The department is required to report to the audit committee at least quarterly and submit an annual audit report [4][10]. Group 4: Audit Implementation Measures - The audit committee must oversee the internal audit department to conduct checks on significant events such as fundraising, related transactions, and asset purchases at least biannually [17]. - The internal audit department must ensure that any identified internal control deficiencies are addressed and monitored for compliance [17][18]. Group 5: Information Disclosure - The internal audit institution is responsible for the organization and implementation of internal control evaluations, which must be reported to the board and disclosed alongside the annual report [27]. - The company must disclose any significant deficiencies in internal controls identified by external auditors in a timely manner [29]. Group 6: Supervision and Management - The company must establish a mechanism for incentivizing and regulating the internal audit department, ensuring accountability for performance [31]. - Internal auditors who perform their duties diligently may receive rewards, while those who violate regulations may face disciplinary actions [32].