Implementation Rules of Internal Audit and Internal Control System of Financial Holding Companies and Banking Industries Article 46

When performing the assurance work prescribed in Article 44, the CPA shall immediately notify the competent authority in the event of any of the following conditions:1. During the process of assurance work, the business fails to provide the required reports, certificates, account books, and meeting minutes to the CPA, or refuses to make further explanation of the queries submitted by the accountant, or there are other objective environment restrictions to render the CPA unable his or her assurance work.2. Where there are severe falsifications, forged data, or material omissions in its accounting or other records.3. Where its assets are insufficient to discharge its liabilities, or its financial condition has significantly deteriorated.4. Where there is evidence indicating that its transactions will cause material damage to the banking business’s net assets.Where the banking business under audit has the conditions set forth in Subparagraphs 2 through 4 of the preceding paragraphs, the CPA shall also first submit a summary report on the results of the assurance procedures executed to the competent authority.