Huawei company

The aim of this project is to provide you with an opportunity to assess business risks and implement Huawei's analytical procedures. The project focuses on the following categories of information related to an understanding of the entity and its environment:

Governance

Information needed to identify the business risks can be obtained from the companys annual report, FORM 10K, and proxy materials. Typically, these documents can be obtained from the companys website. The companys website also contains information on the audit committee (e.g., charter), internal audit function, and corporate ethics (e.g., conflict of interest policies).

Completed by: Client Name: Entity and Environment Category: Governance Year ended: Reviewed by: Response Possible Effect(s) on the Audit Business Risk Factor Does the board of directors and its major committees (e.g., audit committee) contain an appropriate number of independent directors? Are there regular meetings of the board of directors to set policies and objectives, review the entity's performance, and take appropriate action? Does the board of directors ensure that entity's objectives are congruent with the major stakeholders incestops and creditor 2 Does the audit committee have a charter Does the audit committee have adequate resources and authority to discharge its responsibilities? How often does the audit committee meet annually? Does the audit committee meet individually with the external auditor and internal audit executive without management present