[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-500125-105":59,"doc-detail-500125-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","2022-audit-oversight-report-overview-of-audit-oversight","2022 Audit Oversight Report - Overview of Audit Oversight","","2022 Audit Oversight Report outlines Taiwan’s audit oversight framework under the Financial Supervisory Commission (FSC). It describes FSC responsibilities for supervising financial markets and service enterprises, including audit oversight functions such as drafting auditing standards, approving and registering CPAs, inspecting audit firms, and enforcing CPA discipline. The report also provides 2022 statistics on registered practicing CPAs and approved attestation providers, summarizes inspection activities of major audit firms, and outlines disciplinary actions and oversight cooperation internationally through IFIAR to improve global audit quality.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/2022-audit-oversight-report-overview-of-audit-oversight/500125/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/2022-audit-oversight-report-overview-of-audit-oversight/500125.png","ImageObject",300,407,{"name":92,"@type":93},"adawds","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-21","2026-10-03",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",11,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"Which authority in Taiwan is responsible for audit oversight, and when was it established?","Question",{"text":113,"@type":114},"The Financial Supervisory Commission (FSC) is responsible for audit oversight in Taiwan, established on July 1, 2004.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What are the main audit oversight functions described for the FSC?",{"text":118,"@type":114},"The FSC oversees auditing standards development, approves and registers CPAs, inspects audit firms, and applies disciplinary actions against CPAs who violate relevant laws and regulations.",{"name":120,"@type":111,"acceptedAnswer":121},"What inspection and disciplinary activity was reported for 2022?",{"text":122,"@type":114},"In 2022, the FSC inspected two large firms and one medium/small firm. In addition, five disciplinary actions were made in 2022, involving 10 CPAs.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},500125,1791025035,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":145,"read_time":146},3985747872983,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","CONTENTS  \n2022 AUDIT OVERSIGHT REPORT  \nI  \nOverview of Audit Oversight  \n1  \nII Overview of the Audit Market  \n4  \nIII Audit Quality Information  \n8  \nIV Audit Firm Inspection  \n19  \nV  Disciplines and Sanctions of CPAs  30  \nVI  Supervision Measures Implemented in 2022   \n 33  \nVII Conclusion  \n35  \n1 Overview of Audit Oversight  \nI . Overview of Audit Oversight  \nThe audit oversight authority in Taiwan is the Financial Supervisory Commission (FSC), established on July 1, 2004, pursuant to the Financial Supervisory Commission Organization Act. The FSC is responsible for overseeing the development, supervision, administration, and inspection of financial markets and financial service enterprises. The Securities and Futures Bureau under the FSC is responsible for matters relating to the supervision, administration, and policies and regulations of the securities and futures markets enterprises. One of its key functions is audit oversight in Taiwan, including supervising the enactment of audit standards (SAS) in Taiwan, approval, and registration of certified public accountant (CPA), inspection of audit firms, and CPA discipline as well.  \nThe FSC is also the competent authority under the Certified Public Accountant Act.  \nKey Audit Oversight Functions of the FSC  \nSupervision of Stipulation of Auditing Standards  \nApproval and  \nRegistration of CPAs  \nAudit Firm Inspection  \nCPA Discipline  \nOverseeing the Accounting Research and Development Foundation in referencing international standards to establish domestic standards.  \nManaging the registration and practice of CPAs and approving CPAs to audit public companies.  \nAnnual inspections of CPA firms to understand compliance.  \nTaking appropriate disciplinary actions against CPAs violating relevant laws and regulations.  \n1  \n1. Audit Oversight in 2022  \n− Supervision of Stipulation of Auditing Standards:  \nThe FSC supervises the Accounting Research and Development Foundation in Taiwan (ARDF) to refer to the auditing standards, review standards, assurance standards, other related services standards and quality control standards of the International Auditing and Assurance Standards Board (IAASB) when researching and revising local standards. In 2022, ARDF issued Quality Control Standard No. 1 \"Quality Control for Accounting Firms\"and revised relevant standards in alignment with the “General Guidelines for CPA Service Cases” issued by the ARDF Auditing Standards Committee.  \n− Approval and Registration of CPAs:  \nAs of the end of December 2022, the number of registered practicing CPAs in Taiwan was 3,883, of which 709 (about 18. 26%) were approved by the FSC to provide attestation services for financial reports of publicly traded companies. The number of registered CPA firms was 2,226, of which 59 (about 2. 7%) were approved by the FSC to undertake attestation engagements of financial reports for publicly traded companies.  \n− Audit Firm Inspections:  \nSince 2009, the FSC has inspected CPA firms in Taiwan annually, focusing on firms' quality control systems and review of audit engagements. In 2022, the FSC inspected 2 large firms and 1 medium/small firm in total. Please refer to Part IV Firm Inspections, 2022 Firm Inspection Results for details.  \n− CPA Discipline:  \nThe CPA disciplinary actions made by CPA Disciplinary Committee has made 5 disciplinary actions in 2022, and the number of CPAs subject to disciplinary actions is 10.  \n2. International Audit Regulatory Cooperation  \nDue to globalization, multinational corporations are actively expanding their businesses, and audit regulatory practices must therefore also adapt to an increasingly international world. In view of this, the FSC actively participates in international audit regulatory affairs. In addition to joining the International Forum of Independent Audit Regulators (IFIAR), it also maintains close cooperative relationships with audit regulators in the United States, Japan, Singapore, and other countries.  \n2  \n* Ser","cbCaim404MxCjkzh","https://ap.wps.com/l/cbCaim404MxCjkzh","pdf",14606036,38,"English","# Overview of Audit Oversight\n## Audit Oversight in 2022\n## International Audit Regulatory Cooperation","[{\"question\":\"Which authority in Taiwan is responsible for audit oversight, and when was it established?\",\"answer\":\"The Financial Supervisory Commission (FSC) is responsible for audit oversight in Taiwan, established on July 1, 2004.\"},{\"question\":\"What are the main audit oversight functions described for the FSC?\",\"answer\":\"The FSC oversees auditing standards development, approves and registers CPAs, inspects audit firms, and applies disciplinary actions against CPAs who violate relevant laws and regulations.\"},{\"question\":\"What inspection and disciplinary activity was reported for 2022?\",\"answer\":\"In 2022, the FSC inspected two large firms and one medium/small firm. In addition, five disciplinary actions were made in 2022, involving 10 CPAs.\"}]","2022 Audit Oversight Report - Overview of Audit Oversight | PDF",1791008778,96]