hbky(SH:600985) Zheng Quan Zhi Xing·2025-08-26 16:35Core Viewpoint - The internal audit management system of Huabei Mining Holding Co., Ltd. aims to enhance the quality of internal audits, clarify responsibilities of audit institutions and personnel, and ensure compliance with relevant laws and regulations [2]. Group 1: Internal Audit Objectives and Principles - The internal audit is defined as a systematic and standardized method to supervise, evaluate, and suggest improvements on the company's financial activities, internal controls, and risk management [2]. - Internal audit personnel must maintain independence, objectivity, and confidentiality, avoiding any involvement that could compromise their audit responsibilities [3][4]. - The internal audit department is required to operate independently and report directly to the board's audit committee [3]. Group 2: Internal Audit Scope and Responsibilities - The internal audit scope includes evaluating the execution of development plans, financial activities, internal controls, and risk management [5]. - The audit department is responsible for drafting internal audit regulations, assessing the effectiveness of internal controls, and reporting audit findings to the audit committee at least quarterly [6][7]. - The audit department has the authority to request necessary documents from audited units and participate in relevant meetings [8]. Group 3: Audit Procedures and Reporting - The internal audit department must establish audit priorities based on risk assessments and develop annual audit plans approved by the audit committee [14]. - Auditors are required to gather sufficient and relevant evidence, document the audit process, and prepare formal audit reports [11][12]. - Audited units must respond to audit reports within five days, and any disputes can be reviewed by the auditing institution [11]. Group 4: Follow-up and Accountability - The company must establish a mechanism for rectifying issues identified in audits, with the audited unit's leadership responsible for implementing corrective actions [26]. - The audit department will monitor the implementation of corrective measures and report on the status of rectifications [30]. - Non-compliance by audited units can lead to corrective actions and potential accountability for responsible personnel [32][33].