Statutory financial statement audit

Who it is for

Privately held and listed-group subsidiaries that need an independent auditor’s opinion on annual financial statements for regulators, lenders, or parent reporting packs.

What you receive

An audit opinion on whether the financial statements are presented fairly, in all material respects, together with a management letter highlighting control observations from fieldwork.

Included in scope

• Planning meeting covering year-end close calendar, significant estimates, and related parties
• Risk assessment and materiality setting based on your trial balance and prior adjustments
• Substantive testing of revenue, purchases, payroll, cash, receivables, and inventory as applicable
• Attendance or observation of physical inventory counts when stock is material
• External confirmations for banks, major receivables, and selected legal counsel where needed
• Review of subsequent events and representation letter procedures before report issuance

Outside this engagement

• Bookkeeping or preparing the financial statements themselves
• Tax return preparation or tax opinion letters
• Continuous monitoring of daily transactions after the report date
• Valuation of complex financial instruments outside agreed specialist involvement

Who delivers the work

Engagement partner and audit team from Analyticsautomationlab, based at our Taipei office, with bilingual working papers when group reporting requires English packs.

Typical timeline

Typically eight to fourteen weeks from planning kickoff to report date for a mid-size trading or manufacturing entity; larger multi-site groups take longer.

Where work happens

Fieldwork at your Taiwan sites; planning and review work from 12F-6,No.602,Sec.4Pa-tehRd.Taipei; remote document exchange for overseas parent liaison when agreed.

How to prepare

Provide draft trial balance, fixed asset register, inventory listings, bank reconciliations, and access to ERP inquiry screens before the first fieldwork week.

Constraints

We cannot accept engagements where independence is impaired, or where management refuses access to books, warehouses, or legal correspondence material to the opinion.

Fees

Fixed fee quoted after reviewing entity size, locations, and prior-year adjustments; see the Fees page for indicative ranges.

Engagement flow

1. Proposal and independence check
2. Planning and walkthroughs of key cycles
3. Interim and year-end fieldwork
4. Clearance of review notes and draft opinion
5. Final report and closing meeting with management