Audit engagement

Subsidiary consolidation audit

Full-scope examination of the consolidated package — eliminations, equity, FX translation, and component balances for Taiwan parent groups.

Who it is for

Parent companies and group finance teams in Taiwan that prepare consolidated financial statements with two or more subsidiaries — domestic, offshore, or both. Typical clients close under IFRS or Taiwan GAAP and need an independent examination of the consolidation worksheet before board or lender review.

Result

You receive a consolidation audit opinion (or findings letter, where agreed) supported by working papers on eliminations, equity roll-forwards, foreign-currency translation, and related-party disclosures. Component auditors receive clear group instructions so local fieldwork aligns with group materiality.

Scope included

  • Entity map confirmation and materiality at group and component level
  • Testing of intercompany eliminations and unrealised profit in inventory
  • Equity method and non-controlling interest roll-forwards
  • Foreign-currency translation and CTA tie-outs
  • Related-party and subsequent-event procedures tied to the consolidation date
  • Coordination letters with component auditors and review of significant component packs

Out of scope

Statutory audits of individual subsidiaries (unless separately engaged), tax filing, valuation of complex financial instruments beyond consolidation presentation, and bookkeeping of the consolidation worksheet itself.

Provider and delivery

Engagements are led by a senior auditor from our Taipei office at No.62-2,Sec.2,KaifengSt.KaifengSt.Taipei. Fieldwork may be on-site at the parent finance office, at selected subsidiaries, or a mix — agreed in the engagement letter.

Process and timeline

  1. Scoping call and entity map review (3–5 business days after enquiry)
  2. Engagement letter, materiality memo, and group instructions
  3. Fieldwork timed to your close — typically 2–4 weeks depending on entity count
  4. Clearance meeting and issuance of opinion or findings

Preparation

Provide prior-year consolidations, current trial balances by entity, intercompany matrices, FX rates used, and draft elimination entries. Share component auditor contacts early if reliance is planned.

Pricing basis

Quote-based on number of subsidiaries, jurisdictions, reporting framework, and whether component auditors are already engaged. See Fees for indicative ranges.

Next step

Request an engagement discussion with your entity count and target close date.

Request an engagement discussion