Bank Of Shanghai Co.Ltd(601229)
Performance report of the audit committee of the board of directors in 2021
In accordance with the guidelines for self-regulation of listed companies on Shanghai Stock Exchange No. 1 - standardized operation, the Bank Of Shanghai Co.Ltd(601229) articles of association, the working rules of the audit committee of Bank Of Shanghai Co.Ltd(601229) board of directors and other relevant provisions, the report of the audit committee of Bank Of Shanghai Co.Ltd(601229) (hereinafter referred to as " Bank Of Shanghai Co.Ltd(601229) ") board of directors on the performance of duties in 2021 is as follows:
In 2021, under the leadership of the board of directors, the audit committee of the board of directors performed its duties diligently and steadily promoted the work within its scope of responsibility according to the work plan formulated at the beginning of the year. A total of 6 meetings were held throughout the year to consider and listen to 28 topics. The proposals involved internal and external audit, regular reporting, internal control and other matters.
1. Establish a new audit committee to effectively play the functions of supervision and decision-making suggestions. At the beginning of 2021, after the change of the board of directors, a new audit committee was elected by the board of directors in accordance with the articles of association and the working rules of the audit committee. The new audit committee is composed of five members, including three independent non-executive directors, and the chairman is served by independent non-executive directors. The five members have professional knowledge and relevant experience in performing the duties of the audit committee. The new audit committee gives full play to the professional knowledge and relevant experience of all members to provide suggestions for the scientific decision-making of the board of directors.
2. Focus on key areas and strengthen the audit and supervision of regular reports and financial information. Review Bank Of Shanghai Co.Ltd(601229) 2020 annual report, 2021 first quarter report, 2021 semi annual report and 2021 third quarter report, express opinions on the authenticity, accuracy and completeness of the financial report, and submit it to the board of directors for deliberation and disclosure. Deepen the integration of Finance and business, carry out the comparative analysis of interbank financial data and indicators, continue to pay attention to the risk of business loans in key areas, strengthen risk early warning, carefully evaluate the changes of asset quality, and ensure the fairness of accounting information results.
3. Strengthen the evaluation and supervision of external audit and give full play to the role of external audit. Listen to the work reports of the external audit institutions for many times, fully communicate and put forward professional opinions on the audit schedule, key audit matters, internal control test plan and important audit findings, and pay attention to the adequacy of the implementation of audit procedures, the coverage and rationality of credit review sampling and on-site visits, as well as the process and results of communication between the external audit and the management. Organize and implement the external audit evaluation, review the annual work summary report of the external audit, review the audit expenses, clarify the work requirements, put forward renewal suggestions, promote the external audit, and provide more valuable suggestions for improving the fine management level.
4. Strengthen the guidance of internal audit, promote internal audit and improve the quality and efficiency of internal audit. Review the internal audit development plan, annual summary plan and internal audit quality self-assessment report, put forward opinions and suggestions on the internal audit work, strengthen guidance, and continuously enhance the independence, pertinence and effectiveness of internal audit. Supervise and urge the implementation of the work plan of each stage of internal audit, listen to the implementation progress of quarterly internal audit plan, pay attention to the effective allocation of audit resources and the construction of audit team, pay attention to the application effect of financial technology in internal audit, and promote the digital transformation of internal audit. Promote the improvement of internal audit management standards, and consider four internal audit standards, including audit archives, internal audit outsourcing, the use of external expert services and quality control. Regularly listen to the internal audit reports, review the special audit reports on related party transactions, business continuity, consumer rights and interests protection, financial management, derivatives business, market risk, performance appraisal and salary management, supervise the internal audit to implement the normalization mechanism of rectification tracking and effect verification, strengthen the effectiveness of the application of audit results, and give full play to the important role of promoting the improvement of management level.
5. Strengthen internal control, supervision and evaluation to promote steady operation and high-quality sustainable development. Carefully review the internal control self-evaluation report and evaluate the effectiveness of internal control; Listen to the report of external audit institutions on internal control audit, and continue to pay attention to the appropriateness of Bank Of Shanghai Co.Ltd(601229) internal control system design; Guide the continuous improvement of internal control system, improve internal control measures and strengthen internal control guarantee. Attach great importance to external audit management suggestions, explore and analyze the root causes behind the problems, review the implementation plan of external audit management suggestions, and urge the implementation of rectification; Strengthen the closed-loop management of external audit on management measures and effect verification, and promote the effective improvement of system, process and management level.
In 2021, all members of the audit committee of the board of directors were diligent and conscientious, providing a strong guarantee for the performance of the audit committee of the board of directors. In accordance with the Bank Of Shanghai Co.Ltd(601229) articles of association, the Bank Of Shanghai Co.Ltd(601229) rules of procedure of the audit committee of the board of directors and other relevant provisions, the audit committee of the board of directors plays an important role in reviewing periodic reports, appointing external audit institutions, supervising external audit, guiding internal audit, promoting communication between internal audit and external audit and establishing effective internal control. The professional deliberation opinions provided by the audit committee of the board of directors provide necessary support for the scientific decision-making of the board of directors.
Bank Of Shanghai Co.Ltd(601229) board of directors audit committee
