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Article 33
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Under any of the following circumstances, the competent authority may order a service enterprise to make improvements within a prescribed time limit, or where necessary, to engage a CPA to conduct a special audit of its internal control system and obtain an audit report and submit it to the competent authority for recordation:<br/>1. Failure to document its internal control system.<br/>2. Failure to appoint qualified personnel as full-time internal auditors or to appoint them in an appropriate number.<br/>3. Failure to file a report within a prescribed time limit on, or fail to scrupulously execute, its annual audit plan.<br/>4. Failure to file a report within a prescribed time limit on the actual execution of its annual audit plan.<br/>5. Failure to file a report within the prescribed time limit on the correction of any deficiency or irregularity of the internal control system identified in an audit.<br/>6. Failure to duly conduct self-assessment of its internal control system or to prepare a Statement on Internal Control.<br/>7. Serious instance of failure to correct a deficiency of the internal control system pursuant to the internal control recommendations issued by a CPA.<br/>8. Serious instance of false external financial reporting or violating a law, regulation, or bylaw.<br/>9. Any material fraud or suspicion of fraud.<br/>10. Other condition where the competent authority deems a special audit to be necessary.
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