Provisions of China Securities Regulatory Commission on Auditing of Listed Companies

Legal analysis: A listed company should establish an internal control and risk management system, set up a full-time department or designate an internal department to be responsible for inspecting and supervising the company's important business activities, management and control of its subordinate companies, disclosure of financial information, and compliance and implementation of laws and regulations. Listed companies regularly disclose the construction and implementation of internal control system in accordance with relevant regulations, as well as the audit opinions of accounting firms on the effectiveness of internal control of listed companies.

Legal basis: corporate governance standards of listed companies

Article 94 A listed company shall establish an internal control and risk management system, set up a full-time department or designate an internal department to be responsible for the inspection and supervision of the company's important business activities, the control of subordinate companies, the disclosure of financial information and the compliance and implementation of laws and regulations. Listed companies regularly disclose the construction and implementation of internal control system in accordance with relevant regulations, as well as the audit opinions of accounting firms on the effectiveness of internal control of listed companies.

Article 95 A listed company shall, in accordance with laws and regulations and the requirements of relevant departments, disclose environmental information and fulfill social responsibilities such as poverty alleviation.