Evaluation on
The Certified CPA's
Independence
Corporate Governance
Evaluation on the Certified CPA's Independence
For the standards for evaluating the CPA’s independence and competency is as below:
(1) No direct or indirect substantial financial interest between the CPA and the Company.
(2) No substantially close business relationship between the CPA and the Company.
(3) No potential employment relationship exists when the CPA audits the Company’s report.
(4) No borrowing/lending of fund between the CPA and the Company.
(5) The CPA never accepts any expensive gift or present from the Company or the Company’s directors or managerial officers (valuing more than the value required under the general social
etiquette standards).
(6) The CPA has never provided the Company with the audit service for consecutive 7 years.
(7) The CPA doesn’t hold any of the Company’s shares.
(8) The CPA, his/her spouse or family dependent(s) and audit team members have never held the position as director, managerial officer, or any position materially critical to the audited case in
the most recent 2 years, and will never hold said positions in the future audit period.
(9) Whether the CPA meets the requirements about independence referred to in the Statement of
the Norm of Professional Ethics for Certified Public Accountant of the Republic of China No. 10,
and whether the Company acquires the “Statement of Independence” issued by the CPA.
As a means to effectively evaluate the independence and competency of the CPA and build a sound corporate governance system, the Company has formulated these Measures for compliance as required by Paragraph 4, Article 29 of the“Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies.” The evaluation unit of these Measures is the Company’s board of directors.
The board of directors shall determine whether to continue to choose the CPA based on the evaluation results regarding the CPA’s independence and competency; or whether to continue to choose the CPA’s accounting firm when the appointment period of the firm ends.For relevant measures, please refer to【Important Corporate Documents-Procedures for Evaluating the CPA's Independence and Competency】。
