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Article NO. Content

Title:

Regulations Governing the Publication of Financial Forecasts of Public Companies  CH

Amended Date: 2013.12.31 
Article 19     In any of the following events, a company that has published its financial forecast shall re-prepare the financial forecast and, if it was reviewed by a CPA before re-preparation, shall have it reviewed by a CPA, before publicly disclosing and filing it:
  1. Where 1 month or more has elapsed between the date of preparation and the date of public disclosure and filing.
  2. Where there has been a change in the attesting CPA; provided, this shall not apply to internal staff adjustments within an accounting firm.
    If the basic assumptions underlying the financial forecast have not changed materially, and the management level of the company has issued a statement that the basic assumptions are effective (and, if it was reviewed by a CPA before re-preparation, had a CPA express an opinion regarding whether the basic assumptions have materially changed), and the report has been published within 10 days counting inclusively from the date of occurrence, the company may be exempted from the requirement to re-prepare the financial forecast under the preceding paragraph.
    When evaluating the matters under the preceding paragraph, the company management shall re-evaluate the appropriateness of its basic assumptions in terms of the actual status of achievement of the financial forecast.