As per current regulations, for a limited company, financial statements must undergo auditing and certification by an accountant if any of the following conditions apply at the fiscal year's end:
*Paid-up capital is NT$30 million or more.
*Annual sales reach NT$100 million or more.
*The number of employees in Taiwan exceeds 100.
Failure to conduct financial statement audits results in penalties for all company directors, ranging from NT$10,000 to NT$50,000.