Endovastec(SH:688016) Zheng Quan Zhi Xing·2025-08-26 14:12Core Viewpoint - The internal audit system of Shanghai MicroPort MedBot (Group) Co., Ltd. aims to enhance corporate governance, standardize economic behavior, improve audit quality, and protect shareholders' rights [1][2]. Group 1: Internal Audit Definition and Objectives - Internal audit is defined as an independent evaluation of the effectiveness of internal controls, risk management, and the authenticity of financial information [1]. - The objectives of internal control include compliance with laws, improving operational efficiency, safeguarding assets, and ensuring accurate information disclosure [1][2]. Group 2: Structure and Responsibilities - The company establishes an audit committee under the board of directors, with a majority of independent directors, including at least one accounting professional [2][3]. - An internal audit department is set up to oversee the authenticity of financial information and the implementation of internal control systems, reporting directly to the audit committee [2][3]. Group 3: Audit Procedures and Requirements - The internal audit department must draft an annual audit plan based on the company's specific circumstances [5]. - Audit procedures include issuing audit notifications, reviewing financial documents, and ensuring the reliability of audit evidence [5][6]. Group 4: Evaluation and Reporting - The internal audit department is responsible for evaluating the effectiveness of internal controls and must submit an internal control evaluation report at least annually [8][9]. - The company must disclose any significant internal control deficiencies or risks identified during audits, along with corrective measures taken [9][11]. Group 5: Incentives and Disciplinary Measures - The company implements an incentive and restraint mechanism for the internal audit department, rewarding outstanding performance and reporting of illegal activities [10]. - Disciplinary actions are outlined for both audited units and internal audit personnel in cases of violations or misconduct [10][12].