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Amendments

Title：

Regulations Governing Establishment of Internal Control Systems by Public Companies  CH

Amended Date： 2024.04.22 
Article Content Chapter Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Regulations for the Establishment of Internal Control Systems by Public Companies(2003.12.18)
Date：
Article 23 A public company's findings in its self-inspection of its internal control systems shall classify the systems as either “effective internal control systems” or “materially defective internal control systems” based on whether or not they can reasonably ensure the following:
1. That the board of directors and the general manager know the degree of achievement of operational effectiveness and efficiency objectives;
2. That the financial reports of the company are reliable; and
3. That applicable laws and regulations have been complied with.
Article 24 A company conducting initial public issuance of its stock, or a public company, shall conduct annual self-inspection of the design and operating effectiveness of its internal control systems, and publicly announce and report the Internal Control System Statement on the websites designated by the SFC within four months from the end of each fiscal year in the prescribed format.
The Internal Control System Statement referred to in the preceding paragraph shall be published in the company's annual report, public offering and issuance prospectus, and other prospectuses in compliance with relevant regulations.