Internal Control Audit Report
Changzhou Guangyang Bearing Co., Ltd. overall situation:
According to the "Guidelines for Internal Control Audits of Enterprises" and relevant requirements of the Chinese Registered Accountants, we conducted an audit of Changzhou Guangyang Bearing Co., Ltd. (hereinafter referred to as "Guangyang Co., Ltd.") on the effectiveness of its internal control over financial reporting.
1. Responsibilities of the Company for Internal Control
According to the "Basic Norms for Internal Control of Enterprises," the company should implement internal control according to the guidelines, establish effective financial and operational controls, and ensure that Guangyang Co., Ltd. fulfills its responsibilities.
2. Responsibilities of the Auditor
The auditor's responsibilities are based on the work performed. The auditor is responsible for assessing the effectiveness of internal control over financial reporting and paying attention to significant deficiencies in internal control.
3. Limitations of Internal Control
Internal control has inherent limitations, which cannot prevent or detect all errors and fraud. Additionally, changes in circumstances may lead to ineffective internal control or inadequate policies and procedures, which may affect the effectiveness of internal control measures.
4. Opinions on Financial Reporting and Internal Control Audit
We believe that Guangyang Co., Ltd. has maintained effective internal control over financial reporting as of [blank] [blank] [blank].