Interpretation Regarding Article 43 of the Accountant Act and Article 28 of the Rules Governing the Entrustment of Financial Statement Audits and Certifications by Accountants

Interpretation Regarding Article 43 of the Accountant Act and Article 28 of the Rules Governing the Entrustment of Financial Statement Audits and Certifications by Accountants. (Document No. Jin Guan Zheng Shen Zi No. 1150382918)

2026-07-21

Financial Supervisory Commission Order
Date of Issue: July 21, 2026 (Republic of China Year 115) Document No.: Jin Guan Zheng Shen Zi No. 1150382918

1. This interpretation is issued in accordance with Article 43 of the Accountant Act and Article 28 of the Rules Governing the Entrustment of Financial Statement Audits and Certifications by Accountants.

2. Joint or corporate accounting firms approved to conduct audits and certifications of financial reports for publicly issued companies shall stipulate the ownership of workpapers in their partnership agreements or articles of incorporation. If the audit workpapers belong to the accountants, the joint audit and certification accountants shall share the responsibility of exercising due care in their custody. Subsequently, when the competent authority for business matters reviews the workpapers, if either party is unable to produce the audit workpapers, the other party shall be responsible for producing copies of the relevant audit workpapers; otherwise, both parties shall bear the liability for failing to produce the workpapers. If the audit workpapers belong to the joint or corporate accounting firm, the workpapers shall be retained by the firm when an accountant withdraws from the firm. However, the firm shall not refuse requests from an accountant to borrow prior years' audit workpapers when the accountant continues to accept the client, nor when courts or relevant government agencies review them in accordance with the law.

3. This interpretation takes effect from the date of issuance; the Order of the Administrative Yuan Financial Supervisory Commission dated March 13, 2007 (Document No. Jin Guan Zheng Liu Zi No. 0960008200) is hereby repealed effective immediately, pursuant to the Order of this Commission dated July 21, 2026 (Document No. Jin Guan Zheng Shen Zi No. 11503829181).

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Last Updated: 2026-07-21

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