Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 70

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 70
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 1. Issuer’s activities |

Resolution
No. 4,818/20 consolidates the general criteria for the preparation and disclosure of financial statements and other institutions authorized
to operate by the Central Bank of Brazil, with the exception of the managers of consortium and payment institutions. These institutions
must draw up and publish annual financial statements relating to the fiscal year, and semiannual, relating to the six months ended June
30 and December 31, which are: (i) balance sheet; (ii) income statement; (iii) comprehensive statement of income; (iv) statement of cash
flows; and (v) statement of changes in stockholders’ equity.

In addition,
in December 2020, the CMN enacted Resolution No. 4,877/20 which contains provisions on the general criteria for the measurement and recognition
of social and labor obligations by institutions authorized to operate by the Central Bank of Brazil (except consortium managers and payment
institutions). With this resolution, the authorized institutions are obliged to recognize as a monthly liability, when drawing up trial
balance or balance sheets, the values due on the portions of the results of the period allotted or to be allotted to employees, managers
or to funds and assistance and other obligations with employees.

The
independent auditors must also declare to the audited company’s management that their provision of these services does not affect
the independence and objectivity required for external auditing services.

CMN
issued CMN Resolution No. 4,910/21, which revoked Resolution No. 3,198/04, establishing that financial institutions and other institutions
authorized to operate by the Central Bank of Brazil that (i) are registered as an open company; (ii) are leaders of a prudential conglomerate
classified in Segment S1, S2 or S3, according to specific regulations; or (iii) meet the criteria laid down in the specific regulations
for the framework in S1, S2 and S3, in which they must constitute a statutory body called “audit committee”.

This
resolution defined the minimum requirements to be observed by financial institutions when electing members for the Audit Committee, establishing
the composition, mandate, and duties.

The
Audit Committee is responsible for recommending to the Board of Directors which independent accounting firm to engage, reviewing the company’s
financial statements, including the notes thereto, and the auditors’ opinion prior to public release, evaluating the effectiveness
of the auditing services provided and internal compliance procedures, assessing