Core Viewpoint - The document outlines the selection system for accounting firms at Hanhigh Group Co., Ltd., aiming to standardize the hiring process, protect shareholder interests, and enhance the quality of audit work and financial information [2]. Group 1: General Principles - The selection of accounting firms must comply with relevant laws and regulations, including the "Management Measures for the Selection of Accounting Firms by State-owned Enterprises and Listed Companies" [2]. - The company must not engage an accounting firm for audit services before the board of directors and shareholders have reviewed and approved the selection [2]. Group 2: Quality Requirements for Accounting Firms - Selected accounting firms must be legally established and possess the necessary qualifications to conduct securities and futures-related business as per regulatory requirements [4]. - Firms must have a fixed workplace, sound organizational structure, and effective quality control and internal management systems [4]. - The firms should be familiar with national financial and accounting laws and have a good reputation and record of professional quality [4]. Group 3: Selection Procedures - The audit committee, independent directors, or a third of the board can propose the hiring of accounting firms [3]. - The audit committee is responsible for overseeing the selection process, including developing policies, reviewing proposals, and evaluating the performance of the hired firms [3][4]. - The selection process must be competitive and transparent, utilizing methods such as competitive negotiations and public tenders [4]. Group 4: Evaluation Criteria - The evaluation of accounting firms must include factors such as audit fees, qualifications, professional history, quality management, and resource allocation [4][5]. - Quality management must be weighted at no less than 40% in the evaluation, while audit fees should not exceed 15% [5]. Group 5: Special Provisions for Reappointment - If the audit quality of the current accounting firm is deemed unsatisfactory, the company must consider reappointing a different firm [9]. - The audit committee must evaluate the performance of the accounting firm before reappointment, and if the evaluation is negative, a new firm must be hired [9]. Group 6: Supervision and Penalties - The audit committee is tasked with supervising the selection and performance of accounting firms, ensuring compliance with laws and internal standards [27]. - Serious violations by accounting firms can lead to penalties, including dismissal and financial liability for responsible individuals [28][29]. Group 7: Miscellaneous Provisions - The document will take effect upon approval by the board of directors and will be interpreted by the board [32][33].
悍高集团: 会计师事务所选聘制度