Audit engagement

Financial Risk Assessment Audit

A structured audit of credit, liquidity, concentration, and control exposures across your Taiwan operating entities, ending in a board-ready risk register.

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Auditor reviewing financial charts and risk schedules at a workspace

Our financial risk assessment audit is the engagement most clients request first. It is designed for companies that already keep books, but need an independent reading of where financial stress could appear — overdue receivables concentrated in a few buyers, liquidity that looks fine on the monthly pack until a supplier payment week lands, FX exposures buried in purchase contracts, or control gaps that let misstatements travel quietly.

How the work unfolds

After the scoping call, we issue an engagement letter that names the entities, the reporting period, and the decisions this audit must support. Your team prepares a document pack: trial balance, bank statements, aging reports, significant contracts, and the latest management accounts. We schedule fieldwork — often at or near our Taipei office on Keelung Road when your records are centralized there.

During fieldwork we sample high-value and high-risk transactions, interview process owners, and test whether stated controls actually operate. Findings are logged as they appear, so the closing week is a synthesis exercise rather than a surprise dump of issues.

What you walk away with

You receive a risk register organized by exposure type, a short narrative on methodology and limitations, and a prioritized list of remediation ideas. Severity ratings reflect both likelihood and impact on cash, covenants, or reporting integrity. We stay available for one follow-up call within thirty days of delivery to clarify wording for boards or lenders.

Preparation on your side

Assign a single finance contact who can unlock the general ledger, schedule interviews, and confirm entity charts. Incomplete bank reconciliations or missing contract files will extend the timeline; we flag gaps early rather than guessing. If multiple subsidiaries report in different systems, tell us during scoping so we can price the extra mapping work honestly.

Flagship scope

What this engagement covers

Who it is for

Finance leaders, boards, and owners of Taiwan-based operating companies who need a documented view of financial risk before a board meeting, refinance, or ownership change.

Typical timeline

Typically three to five weeks from kickoff to closing briefing, depending on entity count and record readiness.

Delivery

On-site fieldwork in Taipei when practical, with remote document review for outlying offices. Final report delivered in English; Mandarin briefings available on request.

Included

  • Scoping call and engagement letter with period, entities, and decision context
  • Ledger and bank reconciliation sampling for the agreed period
  • Credit, liquidity, FX, and concentration risk mapping
  • Control walkthroughs on payment approval, revenue recognition, and inventory valuation where relevant
  • Written risk register with severity ratings and recommended next steps
  • Closing briefing with your finance lead and optional board attendees

Not included

  • Statutory financial statement audit opinions under ROC GAAS
  • Tax filing preparation or tax controversy representation
  • Ongoing bookkeeping or interim CFO placement
  • Implementation of accounting software or control redesign projects

Ready to scope a risk assessment audit?

Tell us about your entity structure, reporting period, and the decisions this audit needs to support.

Schedule a scoping call