Engagement
Statutory financial statement audit
Full-year independent audit ending in an auditor’s opinion suited to Taiwan filings, bank covenants, and overseas parent consolidation.
Who this engagement is for
Finance directors and owners of Taiwan companies — and foreign subsidiaries reporting into a group — who need an independent auditor’s opinion on annual financial statements. Typical triggers include Company Act filings, bank covenant packages, and parent-company consolidation deadlines.
What you receive
- A planning memorandum covering materiality, significant risks, and the sample approach for revenue, inventory, and payables
- Substantive testing against your general ledger, subledgers, and supporting contracts
- Bank, receivable, and legal confirmations coordinated with your counterparties
- A draft management letter with ranked findings and suggested owners
- An independent auditor’s report suitable for statutory and lender use (subject to engagement terms)
What is not included
Bookkeeping catch-up, tax return preparation, and valuation of complex instruments are outside this engagement unless separately agreed. We do not provide management accounting software or “audit apps.”
How the work proceeds
- Scoping call — entity map, reporting framework (local GAAP or IFRS as adopted), prior-year adjustments, and close calendar.
- Planning — risk assessment, materiality, and a request list timed to your month-end close.
- Fieldwork — walkthroughs, sampling, and inquiry with accounting staff; typically two to three weeks on site for mid-size entities.
- Completion — subsequent events review, representation letter, draft opinion, and final report issuance.
Preparation we ask of you
A trial balance locked after close, bank reconciliations current through the period end, inventory counts observed or scheduled, and a contact who can answer cutoff questions within one business day. Delays in these items lengthen fieldwork more than any other factor.
Fees and next step
Fees are quote-based because entity complexity, locations, and inventory significance vary widely. Single-entity engagements commonly start around NT$180,000. Multi-location or first-year audits are priced after the scoping call.
Request a scoping call or review how engagements unfold.