Summary by Futu AI
The Industrial and Commercial Bank of China (ICBC) issued the 2023 Board Audit Committee Fulfillment Report on March 27, 2024. The report noted that the committee held a total of eight meetings in 2023, passed nine motions and heard 16 bills. The Committee continuously oversees the Bank's internal control system, reviews the annual Internal Control Assessment Report, and oversees the improvement of the Group's compliance operations. The report also noted that the review committee oversees internal and external audit work, promotes effective communication between internal and external auditors, and reviews banks' financial reports on a regular basis. The Committee maintains communication with external auditors and commends the authenticity, accuracy and completeness of the 2023 financial reports.