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Article NO. Content


Taiwan Stock Exchange Corporation Assessment and Auditing Procedures for Securities Underwriter Handling Initial Listing Applications  CH

Amended Date: 2021.03.31 (Articles 1, 4, 5, 6, 9, 10 amended,English version coming soon)
Current English version amended on 2020.03.02 
Categories: Primary Market > Review
2     These Procedures provide general regulations. Securities underwriters may, depending on the actual needs on a case-by-case basis, include additional items for review in the assessment and auditing procedure, to implement their function of providing consultations.
    For purposes of these Procedures, financial reports shall mean the consolidated financial reports prepared in accordance with the regulations governing the preparation of financial reports applicable to each industry sector as promulgated by the competent authority, or individual financial reports in case where the issuing company does not have a subsidiary.
    When assessing an initial listing application by a foreign issuer, the securities underwriter shall refer to its consolidated financial information.
    Documents and statements collected pursuant to these Procedures shall be serially numbered and cross referenced for ease of reference. Upon completion of the audit, all the information and relevant attachments shall be compiled in book form and filed as working papers, and the Statement on Auditing Standards No. 45 "Audit Working Paper Standards" " shall apply mutatis mutandis to the preparation of working papers.
    Supervisors of the company receiving consulting services, consulting details and advice provided by the consultant during the consulting period shall be listed and described in the working papers of the consulting services.
    The working papers are the basis on which the securities underwriter prepares the assessment report. The TWSE shall conduct random inspections according to the applicable working paper random inspection policy.