General Provisions - The audit committee of Hubei Hendi Pharmaceutical Co., Ltd. is established to clarify its responsibilities, enhance supervision over the management, and improve corporate governance according to relevant laws and regulations [1][2] - The audit committee is responsible for communication, supervision, and verification of internal and external audits, reviewing financial information and disclosures, and exercising the powers of the supervisory board as stipulated by law [1][2] Organization of the Audit Committee - The committee consists of three directors who are not senior management, including two independent directors, with an independent director who is a professional accountant serving as the convener [6][7] - Committee members must meet specific qualifications, including no recent public reprimands or administrative penalties for major violations [6][7] Responsibilities of the Audit Committee - The audit committee exercises the supervisory powers of the supervisory board, overseeing financial information, compliance with shareholder resolutions, and the legality of major decisions made by the board [11][12] - The committee is required to meet at least quarterly and can convene temporary meetings as necessary [12][13] - The committee must review financial reports and internal control evaluations, focusing on significant accounting and auditing issues, including potential fraud or misstatements [14][15] Internal and External Audit Oversight - The audit committee is responsible for evaluating the independence and professionalism of external auditors and can recommend their appointment or dismissal [18][19] - The internal audit department operates independently and reports directly to the audit committee, ensuring effective internal controls and compliance [16][17] Meeting Procedures and Documentation - The audit committee meetings can be regular or temporary, requiring a quorum of two-thirds of members to proceed [30][31] - Meeting records must be maintained for ten years, and all decisions must be reported to the board in writing [39][40] Final Provisions - The rules established by the audit committee take effect upon approval by the board and must comply with national laws and regulations [41][42]
亨迪药业: 11-董事会审计委员会工作细则