LIBA(SH:603519) Zheng Quan Zhi Xing·2025-08-25 16:30Core Points - The internal audit system of Jiangsu Libar Industrial Co., Ltd. aims to standardize internal audit work, improve quality, and protect the rights of the company and its investors [1][2] - The internal audit is defined as an evaluation activity conducted by the audit department to assess the effectiveness of internal controls, risk management, and the authenticity of financial information [1][2] - The board of directors is responsible for establishing and implementing the internal control system, ensuring the accuracy and completeness of related disclosures [2] Group 1 - The audit committee is established under the board of directors, with the audit department operating independently and reporting to the audit committee [2][3] - Internal auditors must maintain independence and objectivity, avoiding conflicts of interest with audited units [3][4] - The audit department is required to submit an internal control evaluation report at least once a year to the audit committee [11][12] Group 2 - The audit department's responsibilities include evaluating the effectiveness of internal controls, auditing financial data, and assisting in establishing anti-fraud mechanisms [10][11] - The internal audit process involves planning, executing, and reporting, with a focus on obtaining sufficient and reliable audit evidence [12][13] - The audit committee must review the internal audit reports and ensure compliance with relevant regulations [35][36] Group 3 - The internal audit report must include audit findings, conclusions, and recommendations for improvement [28][29] - The audit department has the authority to participate in meetings related to financial management and request necessary documents from audited units [31][32] - The company must maintain audit records for at least ten years, ensuring proper management and accessibility [41][42]