Chapter 1 General Provisions

Article 1: To strengthen and standardize the internal control of enterprises，Improve business management level and risk prevention capabilities，Promote sustainable development of enterprises，Maintain the socialist market economic order and social public interests，According to the "Company Law of the People's Republic of China"、"Securities Law of the People's Republic of China"、"Accounting Law of the People's Republic of China" and other relevant laws and regulations，Develop this specification。

 

Article 2: These regulations apply to large and medium-sized enterprises established within the territory of the People’s Republic of China。

Small businesses and other units can refer to this specification to establish and implement internal controls。

The classification standards for large and medium-sized enterprises and small enterprises shall be implemented in accordance with relevant national regulations。

 

Article 3 Internal Control as referred to in this Code，Is by the corporate board of directors、Supervisory Board、Implemented by management and all employees、Process designed to achieve control objectives。

The goal of internal control is to reasonably ensure the legal compliance of enterprise operations and management、Asset Security、Financial reports and related information are true and complete，Improve business efficiency and effectiveness，Promote enterprises to achieve development strategies。

 

Article 4: Enterprises establish and implement internal controls，The following principles should be followed:

(1) Principle of comprehensiveness。Internal control should penetrate decision-making、The whole process of execution and supervision，Covering various businesses and matters of enterprises and their affiliated units。

(2) Principle of importance。Internal control should be based on comprehensive control，Focus on important business matters and high-risk areas。

(3) Principle of checks and balances。Internal controls should be in the governance structure、Organizational setup and distribution of powers and responsibilities、Business processes and other aspects form mutual constraints、Mutual supervision，While taking into account operational efficiency。

(4) Adaptability principle。Internal control should be consistent with the scale of business operations、Business Scope、Appropriate to competitive conditions and risk levels, etc.，And make timely adjustments as the situation changes。

(5) Cost-benefit principle。Internal controls should weigh implementation costs against expected benefits，Achieve effective control at appropriate cost。

 

Article 5: Enterprises establish and implement effective internal controls，Should include the following elements:

(1) Internal environment。The internal environment is the basis for an enterprise to implement internal control，Generally includes governance structure、Organizational setup and distribution of powers and responsibilities、Internal Audit、Human Resources Policy、Corporate culture, etc.。

(2) Risk assessment。Risk assessment is the timely identification of enterprises、Systematic analysis of risks related to the achievement of internal control objectives in business activities，Reasonably determine risk response strategies。

(3) Control activities。Control activities are based on the results of the enterprise’s risk assessment，Adopt appropriate control measures，Control risks within tolerance。

(4) Information and communication。Information and communication are timely for enterprises、Collect accurately、Transfer information related to internal controls，Ensure information remains within the enterprise、Effective communication between the enterprise and the outside world。

(5) Internal supervision。Internal supervision is the company’s supervision and inspection of the establishment and implementation of internal controls，Evaluate the effectiveness of internal controls，Internal control deficiencies found，Should be improved in time。

 

Article 6: Enterprises shall comply with relevant laws and regulations、This standard and its supporting measures，Develop the company’s internal control system and organize its implementation。

 

Article 7: Enterprises should use information technology to strengthen internal control，Establish an information system suitable for business management，Promote the organic integration of internal control processes and information systems，Realize automatic control of business and matters，Reduce or eliminate human manipulation factors。

 

Article 8: Enterprises should establish an incentive and restraint mechanism for the implementation of internal controls，Incorporate the implementation of internal controls by each responsible unit and all employees into the performance appraisal system，Promote the effective implementation of internal controls。

 

Article 9 Relevant departments of the State Council may, in accordance with laws and regulations、This standard and its supporting measures，Clearly implement the specific requirements for the implementation of this specification，Supervise and inspect the establishment and implementation of internal controls by enterprises。

 

Article 10 Accounting firms entrusted by enterprises to engage in internal control audits，Should be based on this Code and its supporting measures and relevant practice standards，Audit the effectiveness of the company’s internal controls，Issue audit report。The accounting firm and Bet365 Online Live Dealerits signing practitioners shall be responsible for the internal control audit opinions issued。

Accounting firm that provides consulting services for corporate internal control，Do not provide internal control audit services for the same enterprise at the same time。

Chapter 2 Internal Environment

Article 11 Enterprises shall comply with relevant national laws and regulations and enterprise articles of association，Establish a standardized corporate governance structure and rules of procedure，Clear decision making、Execute、Responsibilities and authorities in terms of supervision，Form a scientific and effective division of responsibilities and checks and balances mechanism。

The shareholders (general meeting) enjoys the legal rights stipulated in laws, regulations and articles of association，Exercise corporate business policies in accordance with the law、Financing、Investment、Voting rights on major matters such as profit distribution。

The board of directors is responsible to the shareholders (general meeting)，Exercise the company’s business decision-making power in accordance with the law。

The board of supervisors is responsible to the shareholders (general meeting)，Supervision of corporate directors、Managers and other senior managers perform their duties in accordance with the law。

The management is responsible for organizing and implementing the general meeting of shareholders、Board of Directors Resolution Matters，In charge of the production, operation and management of the enterprise。

 

Article 12 The Board of Directors is responsible for the establishment, improvement and effective implementation of internal control。The Board of Supervisors supervises the establishment and implementation of internal controls by the Board of Directors。Managers are responsible for organizing and leading the daily operation of the company’s internal controls。

Enterprises should establish a specialized agency or designate an appropriate agency to be responsible for organizing and coordinating the establishment, implementation and daily work of internal controls。

 

Article 13 An enterprise shall establish an audit committee under the board of directors。The audit committee is responsible for reviewing the company’s internal controls，Supervise the effective implementation of internal control and self-evaluation of internal control，Coordinate internal control audits and other related matters。

The person in charge of the audit committee should have corresponding independence、Good professional ethics and professional competence。

 

Article 14: Enterprises shall set up internal institutions based on business characteristics and internal control requirements，Clear responsibilities and authorities，Assign rights and responsibilities to each responsible unit。

Enterprises should prepare internal management manual，Enable all employees to understand the internal organizational settings、Job Responsibilities、Business processes, etc.，Clear distribution of rights and responsibilities，Correct exercise of authority。

 

Article 15 Enterprises should strengthen internal audit work，Ensure internal audit organization setup、Staffing and work independence。

Internal audit institutions should combine internal audit supervision，Supervise and inspect the effectiveness of internal controls。Internal control deficiencies discovered by the internal audit institution during supervisory inspections，Reports should be made in accordance with the company’s internal audit procedures；Major deficiencies in internal control discovered during supervisory inspections，Have the right to report directly to the Board of Directors and its Audit Committee、Supervisory Board Report。

 

Article 16: Enterprises shall formulate and implement human resources policies that are conducive to the sustainable development of enterprises。The human resources policy should include the following:

(1) Recruitment, training, dismissal and resignation of employees.

(2) Employees’ salary, assessment, promotion, rewards and punishments.

(3) Compulsory leave system and regular job rotation system for employees in key positions。

(4) Restrictive regulations on the departure of employees who possess state secrets or important commercial secrets。

(5) Other policies related to human resources management.

 

Article 17: Enterprises should regard professional ethics and professional competence as important criteria for selecting and hiring employees，Effectively strengthen employee training and continuing education，Continuously improve the quality of employees。

 

Article 18 Enterprises should strengthen cultural construction，Cultivation of positive values ​​and social responsibility，Promote honesty and trustworthiness、Love and dedication、Pioneering innovation and teamwork spirit，Establish modern management concepts，Strengthen risk awareness。

Director、Supervisor、Managers and other senior managers should play a leading role in the construction of corporate culture。

Corporate employees should abide by the employee code of conduct，Perform job responsibilities conscientiously。

 

Article 19 Enterprises should strengthen legal education，Enhanced Director、Supervisor、Legal concepts of managers and other senior managers and employees，Decision making strictly in accordance with the law、According to the law、Supervision according to law，Establish and improve the legal advisory system and the filing system for major legal disputes。

Chapter 3 Risk Assessment

Article 20: Enterprises should set control objectives based on the，Collect relevant information comprehensively and systematically，Based on the actual situation，Perform risk assessment in a timely manner。

 

Article 21 Enterprises carry out risk assessment，Internal risks and external Bet365 Pokerrisks related to achieving control objectives should be accurately identified，Determine the appropriate risk tolerance。

Risk tolerance is the risk limit that an enterprise can bear，Includes overall risk tolerance and acceptable risk levels at the business level。

 

Article 22 Enterprises identify internal risks，You should pay attention to the following factors:

(1) Director、Supervisor、Professional Conduct of Managers and Other Senior Management、Human resources factors such as employee professional competence。

(2) Organizational structure、Business method、Asset Management、Management factors such as business processes。

(3) Research and development、Technical investment、Independent innovation factors such as the application of information technology。

(4) Financial status、Business results、Cash flow and other financial factors。

(5) Operational safety、Employee Health、Environmental protection and other safety and environmental factors。

(6) Other relevant internal risk factors.

 

Article 23 Enterprises identify external risks，You should pay attention to the following factors:

(1) Economic Situation、Industrial Policy、Financing environment、Market competition、Economic factors such as resource supply。

(2) Legal factors such as laws, regulations, and regulatory requirements.

(3) Safety and stability、Cultural Tradition、Social Credit、Education Level、Social factors such as consumer behavior。

(4) Technological progress、Scientific and technological factors such as process improvement。

(5) Natural disasters、Environmental conditions and other natural environmental factors。

(6) Other relevant external risk factors.

 

Article 24: Enterprises should adopt a combination of qualitative and quantitative methods，According to the possibility of risk occurrence and degree of impact, etc.，Analyze and prioritize identified risks，Determine the focus and priority risks for control。

Enterprises conduct risk analysis，Professionals should be fully recruited，Form a risk analysis team，Carry out work according to strict and standardized procedures，Ensure the accuracy of risk analysis results。

 

Article 25: Enterprises shall base their efforts on the results of risk analysis，Combined risk tolerance，Weighing risks and benefits，Determine risk response strategies。

Enterprises should make reasonable analysis、Accurate knowledge of directors、Managers and other senior managers、Risk preference of employees in key positions，Take appropriate control measures，Avoid personal risk preferences causing major losses to business operations。

 

Article 26: Enterprises should comprehensively use risk avoidance、Risk Reduced、Risk response strategies such as risk sharing and risk tolerance，Achieve effective control of risks。

Risk aversion is a company’s risk exposure that exceeds its risk tolerance，Strategies to avoid and mitigate losses by giving up or ceasing business activities related to the risk。

Risk reduction is after enterprises weigh the cost-benefit，Be prepared to take appropriate control measures to reduce risks or mitigate losses，Strategy to control risk within risk tolerance。

Risk sharing is the preparation of enterprises to rely on the strength of others，Adopt business subcontracting、Purchasing insurance and other methods and appropriate control measures，Strategy to control risk within risk tolerance。

Risk tolerance is the risk within the enterprise's risk tolerance，After weighing the cost-benefit，Not prepared to take control measures to reduce risks or mitigate losses。

 

Article 27 Enterprises should combine different development stages and business expansion situations，Continuously collect information related to changes in risks，Carry out risk identification and risk analysis，Adjust risk response strategies in a timely manner。

Chapter 4 Control Activities

Article 28: Enterprises should combine risk assessment results，Through manual control and automatic control、A method that combines preventive control and discovery control，Apply appropriate control measures，Control risks within tolerance。

Control measures generally include: incompatible job separation control、Authorization Approval Control、Accounting System Control、Property Protection Control、Budget Control、Operation analysis control and performance evaluation control, etc.。

 

Article 29 Control of incompatible job separation requires enterprises to conduct a comprehensive and systematic analysis、Sort out the incompatible positions involved in the business process，Implement corresponding separation measures，Form each to perform their duties、Everyone is responsible、Mutual restrictive working mechanism。

 

Article 30 Authorization approval control requires enterprises to comply with the provisions of regular authorization and special authorization，Clear the scope of authority of each position to handle business and matters、Approval procedures and corresponding responsibilities。

Enterprises should prepare permission guidelines for general authorization，Specify the scope of special authorization、Permissions、Procedures and Responsibilities，Strictly control special authorization。Regular authorization refers to the authorization carried out by the enterprise in accordance with established responsibilities and procedures in daily operation and management activities。Special authorization refers to the enterprise’s special authorization under special circumstances、Authorization under specific conditions。

Management personnel at all levels of the enterprise shall exercise their powers and assume responsibilities within the scope of authorization。

Enterprise’s major business and matters，A collective decision-making approval or joint signature system should be implemented，No individual may make Bet365 Pokerdecisions alone or change collective decisions without authorization。

 

Article 31 Accounting system control requires enterprises to strictly implement the national unified accounting standards system，Strengthening basic accounting work，Clear accounting documents、Processing procedures for accounting books and financial accounting reports，Guarantee the authenticity and completeness of accounting information。

Enterprises should set up accounting institutions in accordance with the law，Equip accounting practitioners。Personnel engaged in accounting work，Must obtain accounting qualification certificate。The person in charge of the accounting institution shall have professional and technical qualifications of accountant or above。

Large and medium-sized enterprises should set up a chief accountant。Enterprises with a chief accountant，Deputies not allowed to have overlapping powers。

 

Article 32 Property protection and control requires enterprises to establish a daily property management system and a regular inventory system，Take property records、Physical storage、Regular inventory、Account verification and other measures，Ensure property safety。

Enterprises should strictly restrict unauthorized personnel from accessing and handling property。

 

Article 33 Budget control requires enterprises to implement a comprehensive budget management system，Clear the responsibilities and authority of each responsible unit in budget management，Preparation of standardized budget、Approval、Releasing and executing procedures，Strengthen budget constraints。

 

Article 34 Operation analysis control requires enterprises to establish an operation situation analysis system，Managers should use production comprehensively、Buy and sell、Investment、Financing、Financial and other information，By factor analysis、Comparative analysis、Discovered problems，Carry out regular operation analysis，Discovered problems，Find out the reasons promptly and make improvements。

 

Article 35 Performance evaluation control requires enterprises to establish and implement a performance evaluation system，Scientifically set up an assessment indicator system，Conduct regular assessment and objective evaluation of the performance of each responsible unit and all employees within the enterprise，Use the evaluation results as the basis for determining employee salary and job promotion、Excellent evaluation、Downgrade、Transfer、Basis for dismissal, etc.。

 

Article 36 Enterprises should based on internal control objectives，Combined risk response strategies，Comprehensive application control measures，Implement effective control over various businesses and matters。

 

Article 37 Enterprises should establish a major risk early warning mechanism and an emergency response mechanism for emergencies，Clear risk warning standards，For major risks or emergencies that may occur，Develop an emergency plan、Clear responsible personnel、Standardize disposal procedures，Ensure emergencies are handled promptly and properly。

Chapter 5 Information and Communication

Article 38: Enterprises should establish an information and communication system，Clear the collection of information related to internal controls、Processing and Delivery Procedures，Ensure timely communication of information，Promote the effective operation of internal controls。

 

Article 39: Enterprises should reasonably screen various internal and external information collected、Check、Integration，Improve the usefulness of information。

Enterprises can use financial accounting information、Operation and management information、Research report、Special information、Internal publications、Office network and other channels，Get inside information。

Enterprises can be organized through industry associations、Social intermediary agency、Business Unit、Market research、Letter and visit、Online media and relevant regulatory authorities and other channels，Get external information。

 

Article 40: Enterprises shall distribute internal control-related information at all management levels within the enterprise、Responsible unit、Between business links，As well as corporate and external investors、creditor、Customer、Supplier、Communication and feedback between intermediaries, regulatory authorities and other relevant parties。Problems discovered during information communication，Should be reported promptly and resolved。

Important information should be delivered to the board of directors in a timely manner、Supervisory Board and Management。

 

Article 41: Enterprises should use information technology to promote the integration and sharing of information，Give full play to the role of information technology in information and communication。

Enterprises should strengthen the development and maintenance of information systems、Access and Change、Data input and output、File storage and custody、Control on network security and other aspects，Ensure safe and stable operation of information systems。

 

Article 42: Enterprises should establish an anti-fraud mechanism，Adhere to both punishment and prevention、Principle of emphasis on prevention，Identify key areas for anti-fraud work、Key links and the responsibilities and authority of relevant institutions in anti-fraud work，Regulate reporting of fraud cases、Investigation、Processing、Reporting and Remediation Procedure。

Enterprises should at least consider the following situations as the focus of anti-fraud work:

(1) Misappropriation without authorization or by other illegal means、Misappropriation of corporate assets，Seeking improper benefits。

(2) False records in financial accounting reports bet365 live casino reviewand information disclosure、Misleading statements or major omissions, etc.。

(3) Directors、Supervisor、Managers and other senior managers abuse their authority。

(4) Relevant institutions or personnel collude to commit fraud.

 

Article 43: Enterprises should establish a reporting and complaint system and a whistleblower protection system，Set up a reporting hotline，Clear reporting and complaint handling procedures、Processing time limit and settlement requirements，Make sure to report、Complaints have become an important way for enterprises to effectively grasp information。

The reporting and complaint system and whistleblower protection system should be communicated to all employees in a timely manner。

Chapter 6 Internal Supervision

Article 44: Enterprises shall comply with this Code and its supporting measures，Develop an internal control and supervision system，Clear the responsibilities and authority of the internal audit agency (or other authorized supervisory agency) and other internal agencies in internal supervision，Standardize internal supervision procedures、Methods and requirements。

Internal supervision is divided into daily supervision and special supervision。Daily supervision refers to the company’s routine review of the establishment and implementation of internal controls、Continuous supervision and inspection；Special supervision refers to the development strategy of the enterprise、Organizational Structure、Business activities、Business Process、In case of major adjustments or changes to employees in key positions，Conduct targeted supervision and inspection on one or certain aspects of internal control。

The scope and frequency of special supervision should be determined based on the results of risk assessment and the effectiveness of daily supervision。

 

Article 45: Enterprises shall formulate standards for identifying internal control deficiencies，Internal control deficiencies discovered during the supervision process，The nature and cause of the defect should be analyzed，Propose rectification plan，Take appropriate forms to report to the board of directors in a timely manner、Supervisory Board or Management Report。

Internal control defects include design defects and operational defects。Enterprises should track the rectification of internal control deficiencies，And regarding the major deficiencies discovered in internal supervision，Pursuing the responsibility of relevant responsible units or persons。

 

Article 46: Enterprises should take into account the internal supervision situation，Perform regular self-evaluation of the effectiveness of internal controls，Issue an internal control self-evaluation report。

Method of self-evaluation of internal control、Scope、Program and frequency，Adjusted by the enterprise according to its business operations、Changes in business environment、Business development status、The actual risk level, etc. are determined by yourself。

If otherwise provided by relevant national laws and regulations，Subject to its regulations。

 

Article 47 The enterprise shall submit the document in writing or other appropriate forms，Properly keep relevant records or information during the establishment and implementation of internal controls，Ensure the verifiability of the internal control establishment and implementation process。

Chapter 7 Supplementary Provisions

Article 48 These regulations shall be interpreted by the Ministry of Finance in conjunction with other relevant departments of the State Council。

Article 49: The supporting measures for this specification shall be formulated separately by the Ministry of Finance in conjunction with other relevant departments of the State Council。

Article 50 This specification will come into effect on July 1, 2009。