DIRECTORS’
STATEMENT
40
CITIC ENVIROTECH LTD.
Annual Report
2015
5 AUDIT COMMITTEE (cont’d)
The Audit Committee has met 3 times during the financial year ended December 31, 2015. The
Audit Committee has reviewed the following, where relevant, with the executive directors and the
external auditors of the Company:
a)
the scope of audit plan;
b)
the Group’s financial and operating results and accounting policies;
c)
the statement of financial position and statement of changes in equity of the Company and the
consolidated financial statements of the Group before their submission to the directors of the
Company and the external auditors’ report on those financial statements;
d)
the quarterly and annual announcements as well as the related press release on the results and
financial position of the Company and the Group;
e)
the co-operation and assistance given by management to the Group’s external auditors;
f)
the re-appointment of the external auditors of the Company;
g)
interested person transactions; and
h)
all non-audit services provided by the Group’s external auditors.
The Audit Committee has full access to and co-operation of the management and has been given
the resources required for it to discharge its functions properly. It also has full discretion to invite any
director and executive officer to attend its meetings. The external auditors have unrestricted access
to the Audit Committee.
The Audit Committee has recommended to the directors the nomination of Deloitte & Touche LLP
for the re-appointment as external auditors of the Company at the forthcoming annual general
meeting.
