Internal control gaps that surface most often before lender reviews
Lenders and investors in Taiwan increasingly ask for more than last year’s audited numbers. They want evidence that purchase approvals, payroll changes, and inventory movements follow a documented path. An internal control review often finds the same handful of gaps.
Dual approval that exists only on paper
Many companies have dual-signature policies that staff bypass when a director is traveling. Sample testing of payment batches quickly shows whether the second approval is real. Fixing the exception path—temporary delegated authority with a log—matters more than rewriting the policy binder.
Master data changes without review
Vendor bank-detail changes and new employee bank accounts are frequent fraud points. A second-person review of master data edits, even monthly, closes a gap that agreed-upon procedures for lenders often highlight.
Inventory movements without documents
When warehouse transfers lack transfer notes, year-end counts become arguments rather than evidence. Simple sequentially numbered transfer slips, kept for the audit file, prevent that argument from reaching the closing meeting.
Addressing these three areas before a bank review usually costs less than explaining them under time pressure during diligence.