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Article 23
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The TWSE will take prompt measures upon discovering any of the following circumstances when auditing the internal control system of a TWSE primary listed company or a TIB primary listed company:
- Upon discovery of a material irregularity for which an in-depth audit is necessary, the company shall be listed as an audit target for financial reports.
- Upon discovery of a material irregularity or violation of applicable provisions of the TWSE Operating Rules, the prescribed measures shall be taken and a report submitted to the competent authority.
- Upon discovery of a material deficiency or upon the occurrence of any event under the subparagraphs of Article 43 of the Regulations for the Establishment of Internal Control Systems by Public Companies, the TWSE, where necessary, may submit a report to the competent authority, which may request the audited company to engage a certified public accountant to conduct a special audit and issue an audit report. If the CPA is found upon review to have failed to abide by Section III (Special Audits by Certified Public Accountants) of Chapter III of the Regulations for the Establishment of Internal Control Systems by Public Companies, the TWSE may request the CPA in writing to pay attention and take action, with a copy forwarded to the competent authority.
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