Chapter I General Provisions
Article 1 in order to strengthen and standardize the internal audit work of Angel Yeast Co.Ltd(600298) (hereinafter referred to as "the company"), improve the quality of internal audit work, strengthen the risk control of the company, safeguard the interests of the company and all shareholders, and promote the sustainable development of the company, in accordance with the Audit Law of the people's Republic of China, the provisions of the National Audit Office on internal audit work, the auditing standards of the Ministry of China, the basic norms and guidelines of enterprise internal control and other laws This system is formulated in accordance with the relevant provisions of laws and regulations, the articles of association and the detailed rules for the implementation of the audit committee of the board of directors, and in combination with the actual situation of the company.
Article 2 the internal audit mentioned in this system refers to an independent and objective supervision and evaluation activity within the organization, which promotes the realization of the organization's objectives by reviewing and evaluating the appropriateness, legitimacy and effectiveness of business activities and internal control.
Article 3 this system is applicable to the company and its subsidiaries and branches.
Chapter II Internal Audit institutions and personnel
Article 4 the audit professional committee of the board of directors of the company is responsible for guiding and supervising the internal audit work.
Article 5 the Audit Department of the company is a full-time organization of internal audit, which is responsible for organizing and carrying out various specific internal audit services.
Article 6 the Audit Department of the company independently exercises the power of audit supervision and carries out internal audit within the business scope of the company. The funds necessary for the performance of its duties shall be included in the financial budget of the company and guaranteed.
Article 7 the Audit Department of the company shall regularly report its work to the audit committee, including but not limited to the audit work plan and audit work.
Article 8 Internal Auditors shall have corresponding professional knowledge and work experience, and maintain and improve their professional competence through continuous learning and training. The company should pay attention to the training and development of internal auditors and provide necessary support and guarantee.
Article 9 internal auditors shall be devoted to their duties, adhere to the professional ethics of independence, objectivity, integrity, diligence and confidentiality, carry out internal audit with due prudence, and abide by the provisions on integrity and discipline in the process of audit. Article 10 internal audit shall be subject to audit avoidance. In order to ensure the independence, objectivity and impartiality of the internal audit work, if the internal auditors have an interest in the audited matter or the audited unit, they shall withdraw.
Article 11 according to the needs of work, except for confidential matters or matters that should not be disclosed, social intermediary institutions or other professionals may be hired to participate in internal audit. Chapter III audit responsibilities
Article 12 the Audit Department of the company shall perform the following main responsibilities:
(I) establish and improve the company's internal audit procedures.
(II) organize the implementation of internal audit supervision.
(III) carry out fraud investigation as required and prompt the identified fraud risk.
(IV) summarize and exchange internal audit work experience, organize internal auditors to carry out follow-up education and learning, and ensure and improve the professional competence and professional ethics of internal auditors.
(V) assist the external audit institution in the audit of the company.
Article 13 the auditee, including the functional departments, business units and subsidiaries of the company, shall perform the following main responsibilities in the process of audit:
(I) provide corresponding audit materials and office conditions according to the audit requirements of the project team of the audit department, and support and cooperate with the implementation of the audit project.
(II) organize the rectification of the problems found in the audit and feed back the results.
Chapter IV audit scope and authority
Article 14 the Audit Department of the company shall audit the following matters of the auditee:
(I) internal control and risk management.
(II) implementation of financial system.
(III) business related economic activities and their economic benefits.
(IV) important or high-risk business areas and matters.
(V) economic responsibility audit of important economic responsibility posts.
(VI) other audit matters assigned by the company.
Article 15 the Audit Department of the company has the following main authorities when carrying out internal audit related work:
(I) participate in relevant business management, financial management and investment meetings of the company, and hold meetings related to audit matters.
(II) require the auditee to submit project investment, operation, production, financial revenue and expenditure, budget and final accounts, accounting statements and other relevant documents and materials, as well as necessary computer technical documents.
(III) consult the materials and documents related to the production, operation and financial activities of the auditee, the physical objects of on-site investigation, relevant electronic data, etc.
(IV) investigate and inquire about the matters involved in the audit from relevant units and individuals, and obtain relevant supporting materials.
(V) stop the ongoing violations of laws and regulations of the auditee; Have the right to temporarily seal up the relevant business materials and physical objects that may be transferred, concealed, tampered with or destroyed by the auditee; If necessary, it is suggested to suspend the work of relevant personnel and report to the management of the company.
(VI) for the problem clues found in the audit that the auditee and its personnel are suspected of violating national laws and regulations, party and government discipline and the internal management system of the unit, they shall be handed over to relevant departments after approval according to the specified procedures.
(VII) for auditees and individuals who strictly abide by financial and economic regulations, have significant economic benefits and make outstanding contributions, they can put forward commendation suggestions to the company's Party committee, board of directors (or unit director).
Chapter V audit procedures
Article 16 the Audit Department of the company shall prepare an annual audit work plan according to the company's development objectives and annual work priorities, which shall be implemented after deliberation by the audit committee of the board of directors. The audit plan shall be comprehensive and focused, and include important risk businesses and overseas operations into the scope of the plan.
Article 17 when implementing audit projects, the Audit Department of the company shall form an audit team with full consideration of audit risks and internal management needs.
Article 18 the audit team shall implement the team leader responsibility system, and the audit team leader shall be responsible for the quality of the audit project.
Article 19 the audit team shall make pre-trial preparations, formulate specific audit plans and audit notices based on the possible risks and the specific conditions of the auditee, and implement them after being approved by the head of the audit department.
Article 20 for general audit items, the auditee shall be notified in writing before the audit is carried out. For special audit matters, the audit notice may be served at the same time of the audit, or the auditee may be notified orally or in other ways. After receiving the notice, the auditee shall make various pre-trial preparations in accordance with the requirements of the audit notice.
Article 21 the audit team shall, in accordance with the audit matters determined in the audit plan, adopt necessary audit procedures and methods, obtain sufficient, relevant and reliable audit evidence, and prepare audit working papers.
Article 22 for the problems found in the audit process, the audit team shall timely and fully communicate with relevant units and personnel, and report to the company in time if major matters are found.
Article 23 after carrying out the audit, the audit team shall draft the audit report. The preparation of the audit report shall be based on the verified audit evidence, be objective, complete, clear, timely and constructive, and reflect the principle of importance. After being reviewed by the Audit Department of the company, it shall solicit opinions from the auditee.
The audit team shall verify the feedback of the auditee and report the feedback and the audit results verified by the audit team to the Audit Department of the company.
Article 24 the Audit Department of the company shall form a formal report according to the determined audit results, submit it to the company for approval, and notify the auditee of the approved audit results.
Article 25 the Audit Department of the company shall carry out follow-up audit on the audit matters, inspect and supervise the implementation of audit opinions and rectification, and realize the closed-loop management of the whole process of the audit project.
Article 26 for completed audit projects, relevant audit archives shall be established and managed in accordance with the relevant provisions of the company on archives management.
Chapter VI fraud investigation and Prevention
Article 27 the audit department and auditors of the company shall maintain due professional prudence, pay reasonable attention to the possible fraud within the organization, and assist the company in preventing fraud.
Article 28 in addition to internal auditors, the investigation of fraud can also be carried out with the help of professional fraud investigators, legal advisers and other experts when necessary.
Article 29 in the process of fraud investigation, the internal auditors shall report to the company in time in case of the following circumstances:
(I) it can be reasonably believed that fraud has occurred and requires in-depth investigation.
(II) fraud has led to serious misrepresentation of the financial statements disclosed to the public. (III) finding clues to a crime and obtaining evidence that should be transferred to a judicial organ for handling.
Chapter VII rewards and punishments and accountability
Article 30 if the audit department and auditors of the company are under any of the following circumstances, they shall be ordered to make corrections and be investigated for responsibility in accordance with the relevant provisions of the company:
(I) failing to implement audit procedures in accordance with relevant laws and regulations, professional norms of internal audit and relevant provisions of the company, resulting in the failure to find the problems that should be found and causing serious consequences.
(II) concealing or failing to report the important problems found in the audit or failing to report the truth.
(III) divulging state secrets and trade secrets known in the audit work, or using the information known in the audit work to seek benefits.
(IV) exceeding the audit authority or violating the audit procedures, resulting in serious consequences.
(V) violating the integrity regulations.
(VI) other abuse of power, malpractice for personal gain, dereliction of duty or violation of national regulations or company regulations.
Article 31 in case of any of the following circumstances, the auditee shall be ordered to make corrections, and the relevant responsible units and personnel shall be investigated for responsibility in accordance with the relevant provisions of the company:
(I) refuse or hinder auditors from carrying out audit work.
(II) refuse or delay the provision of materials related to audit matters, or the materials provided are untrue and incomplete.
(III) transfer, conceal, tamper with or destroy the materials related to the audit matters. (IV) refuse to implement the audit opinions, refuse to rectify the problems found in the audit, fail to rectify, repeatedly review and commit crimes, resort to fraud in the rectification or fail to inform the audit institution of the rectification results in writing according to the regulations.
(V) retaliate against internal auditors or those who cooperate with audit investigation.
(VI) other violations of state regulations or company regulations.
Article 32 the company will strengthen the application of internal audit results in performance appraisal and cadre management, and shall investigate the responsibility for the asset loss caused by violations found.
Chapter VIII supplementary provisions
Article 33 matters not covered in this system shall be implemented in accordance with relevant national laws, administrative regulations, normative documents of the CSRC, rules of the stock exchange and the articles of association.
Article 34 this system shall come into force and be implemented from the date of deliberation and approval by the board of directors of the company.
