Summary by Moomoo AI
Kai Ming Medical recently updated the Rules of Procedure of its Audit Committee, which is composed of at least three independent non-executive directors and chaired by an independent non-executive director with professional qualifications. The audit committee's primary responsibilities include auditing the company's financial statements, monitoring the independence and effectiveness of external auditors, and formulating policies on the provision of non-audit services to external auditors. The Committee is also responsible for overseeing the company's financial reporting system, risk management and internal monitoring procedures.The Audit Committee should hold regular meetings and ensure that the work of internal and external auditors is coordinated. The Committee has the right to investigate risk management and internal monitoring issues...Show More
