Summary by Futu AI
The Industrial and Commercial Bank of China (IWB) issued a notice on 27 March 2024 detailing the report of its Board of Directors Audit Committee on the performance of supervisory duties by the Accounting Firm. According to the report, the ICBC Audit Committee has audited and evaluated the services of the firm and approved the appointment of TCM Hong Kong as a domestic accounting firm for 2023 at its meeting in April 2023, while renewing the appointment of Tachin Hong Kong as an international accounting firm. The Audit Committee communicated well with the two accounting firms on the professional service program, progress and results for 2023 and expressed satisfaction with its independence and quality control. The report highlights the audit committee's assessment of the performance status of external auditors, and considers that DQIN Huayong and DQIN Hong Kong are capable of maintaining independence and objective fairness in the performance of their duties.