Page 55 - China Mobile Limited - Annual Report 2012

China Mobile Limited
Annual Report 2012
49
Corporate Governance Report
In 2013, we will serve our major business initiatives based
on the establishment of a value-added internal audit and
conduct on-going supervision and evaluation on risk areas
of our operation and management. We will accurately grasp
the hot spots and difficulties in our operation and
management, pay more attention to our development
quality, strengthen basic management and actively promote
to cut cost and increase efficiency.
External Auditors
The Group engaged KPMG as statutory auditors of the
Company. In 2012, the principal services provided by KPMG
included:
• review of interim consolidated financial statements of
the Group;
• audit of annual consolidated financial statements of
the Group and annual financial statements of its
subsidiaries; and
• audit of the effectiveness of the Company’s internal
control over financial reporting.
Apart from providing the above-mentioned audit services to
the Group, KPMG was also engaged in providing other non-
audit services to the Group which were permitted under
section 404 of the SOX Act and pre-approved by the Audit
Committee.
The internal audit department makes improvement
recommendations in respect of its findings in the course of
the audits and requests the management to undertake and
to confirm the implementation plan, the methods and the
timing. It regularly monitors the status of the implementation
of the recommendations to ensure their completion.
In addition, without prejudice to its independence, if
requested by the Company’s management and as required
by business needs, the internal audit department provides
management advice or consultancy services by making use
of audit resources and audit information to facilitate the
Company’s decision-making and operational management.
In 2012, leveraging to the internal audit advantages of inter-
departmental and whole process, our internal audit
department sorted out the defects in our key business
processes and management mechanism, providing helpful
support for decision-making and management optimization:
• focused on hot issues such as the e-channels
operation, sales resource utilization, operations and
management of value-added business bases to
reasonably ensure the effective implementation of our
development strategy.
• strengthened our supervision and inspection on
procurement and business cooperation with the third
parties with focus on the weakness and defect of our
control and oversight, in cooperation with anti-
corruption construction.
• promoted the consolidation of our management in
areas of customer development, funds management
and investment.
• summaried audit experience, refined audit techniques
and methods, promoted the best audit practice and
the progress of audit informatization to enhance our
audit practice and effectiveness.