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Article 3
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A principal accounting officer shall possess one of the following qualifications:
- Having obtained qualification to practice as a certified public accountant.
- A minimum total of 5 years' experience as in-charge accountant or principal accounting officer at public companies and/or financial enterprises in the areas of securities, futures, banking, or insurance enterprises.
- A minimum total of 3 years' experience in accounting or internal auditing at public companies and/or financial enterprises in the areas of securities, futures, banking, or insurance, or a minimum total of 3 years' experience in accounting or auditing-related duties at a public service agency or state-owned enterprise, where one of the following requirements is also met:
- Having graduated from the department, section, or graduate studies institute in accounting at a domestic or foreign junior college or higher-level educational institution recognized by the Ministry of Education, or having an equivalency certificate in the same area from a junior college or higher-level educational institution.
- Having completed a minimum total of 20 credit hours of accounting and/or auditing courses at a domestic or foreign junior college or higher-level educational institution recognized by the Ministry of Education.
- Having passed the accounting or auditing test in the junior-grade or higher-level civil service examinations or their equivalents.
- Having completed a minimum total of 20 credits of accounting and/or auditing courses at a domestic or foreign junior college or higher-level educational institution recognized by the Ministry of Education, while also having a minimum total of 3 years' experience in auditing at a joint accounting firm or firms conforming with the Regulations Governing Approval of Certified Public Accountants to Audit and Attest to the Financial Reports of Public Companies (hereinafter, the "Auditing and Attestation Regulations").
For the principal accounting officer of a foreign company under Article 165-1 of the Act (hereinafter, "foreign company"), the experience at public companies as required under subparagraphs 2 and 3 of the preceding paragraph may be substituted with relevant experience at foreign enterprises that have paid-in capital of NT$50 million or more. Additionally, the experience in auditing at a joint accounting firm conforming with the Auditing and Attestation Regulations as required under subparagraph 4 of the preceding paragraph may be substituted with work experience in auditing at a foreign accounting firm that audits and attests the financial reports of companies listed and traded on an offshore securities market.
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