Engagement
Annual Financial Statement Audit
Independent examination of year-end accounts under Taiwan Company Act requirements, ending in a signed auditor’s opinion.
Who it is for
Private companies, subsidiaries of foreign groups, and boards that must file audited financial statements in Taiwan.
Result you receive
A signed auditor’s opinion on the fairness of the financial statements, plus a management letter covering control observations raised during fieldwork.
Scope
Planning, risk assessment, substantive testing of material balances, cut-off procedures, subsequent events review, and opinion issuance.
Included
- Engagement letter defining responsibilities and materiality approach
- Interim and year-end fieldwork at your premises or remote working-paper review
- Testing of revenue recognition, inventories, receivables, payables, and related-party disclosures
- Draft financial statement comments before final sign-off
- Written management letter on internal control findings
Not included
- Bookkeeping or preparation of the financial statements themselves
- Tax return filing or tax representation
- Forensic investigation or fraud examination beyond standard audit procedures
Who delivers the work
Engagement partner and field team based in Taichung, working under Taiwan CPA standards.
How the engagement proceeds
- Scoping call to understand entity structure, systems, and filing deadlines
- Engagement letter and information request list
- Interim procedures on high-risk areas
- Year-end fieldwork and draft opinion review
- Final opinion and management letter delivery
Duration
Typically 4–10 weeks from signed engagement letter to opinion, depending on entity size and readiness of trial balances.
Location
On-site in Taichung and greater Taiwan, with remote working-paper exchange where appropriate.
Preparation
Provide prior-year statements, chart of accounts, trial balance, bank confirmations, inventory counts, and access to supporting vouchers.
Constraints
Opinion timing depends on management providing complete records; incomplete cut-off evidence may delay sign-off.
Fees
Fixed engagement fee based on entity complexity, number of locations, and prior-year adjustments — quoted after scoping.
Next step
Request an engagement proposal with your filing deadline and entity overview.