If deemed necessary, the competent authority may order an insurance agent company, insurance broker company or bank to engage a CPA to audit its internal control system and express opinions on the accuracy of the statements, reports, and other information of the company or bank submitted to the competent authority, as well as the status of implementation of the company’s internal control system and compliance system.
The audit fees of the CPA in the preceding paragraph are to be agreed upon between the insurance agent company ,the insurance broker company or the bank and the CPA, and shall be borne by the company or the bank.

Where necessary, the competent authority may invite insurance agent companies, insurance broker companies or banks and its CPA to discuss matters with respect to the audit mentioned in the preceding article. If the CPA engaged by the insurance agent or broker company is found to be incompetent for the audit works, the competent authority may order the insurance agent company, the insurance broker company or the bank to change its CPA and appoint another CPA to re-conduct the audit works.

A CPA performing an audit as described in Article 24 herein shall promptly report to the competent authority in case of any of the following circumstances:
1. During the course of an audit by the CPA, the company or the bank refuses to provide the required financial statements, supporting vouchers, account books, or meeting minutes, or otherwise refuses to answer the questions of the CPA, or the CPA is unable to continue the audit works due to the constraint of other objective circumstances.
2. There is any material misstatement, forgery or omission of information of serious nature in the accounting or other records of the audited company or the bank.
In case an audited company or bank has a situation described in subparagraph 2 of the preceding paragraph, the CPA shall first submit a summary report based on the audit result to the competent authority.

When insurance agent companies, insurance broker companies or banks engage a CPA to conduct the audit specified in Article 24 herein, the company or the bank shall submit the CPA’s audit report to the competent authority or an agency designated by it within the time period specified by the competent authority.
When the competent authority inquires the contents of the audit report, the CPA shall provide relevant information and explanations in details.

The compliance system provided in subparagraph 4 of Article 9 herein shall be established and implemented in accordance with the Regulations Governing Insurance Agents or the Regulations Governing Insurance Brokers.