萬國法律事務所

Taiwan's Financial Supervisory Commission engaged a professional CPA organization to conduct on-site inspections of seven accounting firms that have been assisting non-public offering companies.  The inspection concluded with a finding that the firms had two major deficiencies with respect to the prevention of money laundering.
 
The first deficiency relates to internal controls and risk assessment.  The findings show that some accounting firms fail to prepare risk assessment reports in accordance with the Money Laundering Control Act and the Counter-Terrorism Financing Act and or fail to implement and or maintain complete internal controls and internal auditing systems.
 
The second deficiency found was that some accounting firms have failed to implement reasonable measures to identify and verify actual beneficiaries of clients according to the risk levels of clients.  A similar violation discovered is the failure to perform name checks, record risk assessment grades in the working papers for cases, failures to indicate the dates on which working papers were prepared, and failures to sign the working papers as required by the relevant law.
 
Those investigated accounting firms have been ordered to take necessary remedial measures to correct the deficiencies found.