Summary by Moomoo AI
China Telecom Co., Ltd. (“China Telecom”) issued the 2023 Completion Report of the Audit Committee on 26 March 2024. The Audit Committee is composed of 4 independent non-executive directors and held six meetings in 2023 to review and approve a number of proposals, including the annual financial report, internal control report, social responsibility report, and more, the report shows. The Audit Committee monitors and evaluates the qualifications of external auditors, the work of internal auditors, the authenticity and integrity of the company's financial statements, and the effectiveness of the internal control system. In addition, the Commission also reviewed the transaction cap adjustments associated with China's towers. During the reporting period, the Audit Committee considered the company's internal control system to be effective and gave a positive assessment of the company's financial reporting and internal controls.