Q: Can the same accountant provide the same company bookkeeping and visa services?
Answer: All that is required is to meet the following conditions.
(1) It is the customer's responsibility to confirm the accounting records.
(2) Failure to participate in customer management and operational decision-making.
(3) Necessary audit procedures have been implemented when performing the audit.
(4) The client is a non-public offering company.
1. The provision of non-audit services to audit clients may affect the independence of the firm, its affiliates, or members of the audit service team. Therefore, when providing non-audit services, it is even more necessary to assess the impact on independence.
2. When providing non-audit services to audit clients, if there are any of the following circumstances, it will usually increase the significant impact of self-interest, self-assessment, defense or coercion, and should refuse to accept the appointment of audit cases:
(1) In the process of providing services, accountants may approve, execute or complete a transaction by themselves, or authorize on behalf of clients or directly have the authority to execute.
(2) Accountants directly make major decisions for clients.
(3) Report to the client board of directors in the role of client manager.
(4) Supervise the client's assets.
(5) Review the daily duties of the client's staff and evaluate their performance.
(6) Prepare original documents or materials on behalf of customers, such as purchase orders, sales orders, etc., to verify the occurrence of transactions.
1. Provide audit services and bookkeeping services at the same time, except for the following situations, which may have a significant impact on self-assessment, and should refuse to accept the appointment of audit cases:
(1) It is the customer's responsibility to confirm the accounting records.
(2) Failure to participate in customer management and operational decision-making.
(3) Necessary audit procedures have been implemented when performing the audit.
2. Firms or firm-affiliated companies should not provide auditing and bookkeeping services to companies that issue shares to the public at the same time.
1. Appraisal services include setting basic assumptions, applying methods and techniques to calculate the value of some asset and liability items or the entire enterprise.
2. When a firm or a firm-affiliated enterprise provides evaluation services for its audit clients, and the results of this evaluation will form part of the financial statements, the impact of self-assessment may occur.
3. If the results of the evaluation have a significant impact on the financial statements and the evaluation is highly subjective, one of the evaluation services or audit services shall be refused.
4. When the impact of the evaluation results on the financial statements is not significant or highly subjective, the following measures can be taken to reduce the impact of the self-assessment to an acceptable level:
(1) Use professionals independent of the audit service team to review the results of the service.
(2) Confirm that the audit client understands the basic assumptions and methods used in this assessment, and obtain the client's consent to use the results in the financial statements.
(3) The personnel performing the assessment work should not be members of the audit service team.
The scope of tax services, including tax consulting, tax planning, tax agency declaration and assisting audit clients in handling disputes with tax authorities, etc., will not affect independence.
1. Internal audit services refer to internal audit services related to internal accounting control, financial systems or financial statements, excluding those related to operations.
2. The firm or its affiliates assist or undertake the internal audit services of the audit client, which may have an impact on self-assessment.
3. In accordance with the generally accepted auditing standards, the internal audit-related work performed for the purpose of auditing financial statements will not affect the independence of accountants.
4. To provide services related to internal audit services, the following necessary measures shall be taken to reduce the impact of self-assessment to an acceptable level:
(1) Confirm that the audit client understands the responsibility of the internal audit work and understands the responsibility of establishing, maintaining and supervising the internal control system.
(2) Confirm that the audit client assigns competent personnel to be responsible for the internal audit work.
(3) Confirm that the recommendations provided by the accountant can be adopted or implemented by the audit client.
(4) Confirm the suitability of the audit client's internal audit execution procedures.
(5) Confirm that the findings or suggestions of the internal audit have been properly reported to the board of directors or supervisors.
1. The firm or the firm's affiliated company dispatches internal staff to assist the audit client in performing work, which may have an impact on self-assessment, so the dispatched staff should not be involved in the following matters:
(1) Customer's management decision.
(2) Approve or sign contracts or other similar documents on behalf of clients.
(3) May exercise the client's authority arbitrarily, including signing checks on behalf of the client.
2. When providing short-term personnel dispatch services, it is necessary to carefully analyze and confirm whether independence will be affected. When providing audit client services, the following measures should be implemented to reduce the impact of self-assessment to an acceptable level:
(1) No audit procedure shall be performed by the member for any duties performed during the assignment.
(2) The audit client shall be responsible for directing or supervising its work.
1. Recruiting senior managers who have direct and significant influence on audit cases on behalf of audit clients may have the influence of self-interest, familiarity and coercion at present or in the future. 2. The firm or the affiliated enterprise of the firm shall evaluate the significance of this impact, and unless the impact is obviously not significant, it shall take necessary measures to eliminate the impact or reduce it to an acceptable level. Regardless of the measures taken, neither the firm nor its affiliates shall make management decisions for the client, including making final hiring decisions on behalf of the audit client.
1. Providing corporate financial services to audit clients may have impact on defense and self-assessment. 2. The following services provided by the firm or its affiliated enterprises to audit clients, the impact of defense and self-assessment on independence may be so significant that no measures can reduce it to an acceptable level: (1) Sales or sales Audit the stocks issued by customers. (2) Promise the transaction conditions on behalf of the audit client or complete the transaction on behalf of the client. 3. Firms or firm affiliates provide the following services to audit clients, and the impact of defense and self-assessment on independence can be reduced to an acceptable level by taking appropriate measures, such as: (1) Assisting clients Develop business strategy. (2) Sources of funds required by media clients. (3) Provide structural advice on the content of transactions and assist them in analyzing the impact of accounting aspects. Possible measures include: (1) Develop internal policies and procedures to prohibit making management decisions on behalf of clients. (2) The person providing the service should not be a member of the audit service team. (3) Confirm that the firm has not committed to the client's trading conditions or completed the transaction on behalf of the client.
There are services all over the country. Jingxun United Accounting Firms start-up companies set up bookkeeping, tax declaration, accounting, tax saving, capital visa fees, Taipei, Taichung, Yunlin, Tainan
Please use the form below to contact us, we will reply you as soon as possible. If you do not get a response after 48 hours, please contact us using another email account, thank you.
