Chinese Oil Capital: release internal audit management measures covering various regulations

PetroChina Capital announced that the company has issued internal audit management measures, which apply to the company's headquarters, holding companies, and entities under actual control. The measures stipulate that audit work follows principles such as conducting audits in accordance with the law and seeking objective truth, clearly defines management responsibilities, including setting up audit departments reasonably, specifying the functions of each department, and defining audit permissions. The scope of audits involves various aspects of the company's business, and procedures include developing plans, issuing notices, and conducting audits. Emphasis is placed on the use of audit results, the establishment of a reporting mechanism for key issues, and cooperation with other oversight bodies. The measures also stipulate requirements for audit work, rewards and penalties, and computerized auditing, among other aspects. The measures come into effect after approval by the board of directors, with the previous management measures being repealed.