Annual Reports  >  2014  >  Corporate Governance > Information Regarding TSMC’s Independent Auditor
Information Regarding TSMC’s Independent Auditor

Audit Fees

The Audit Committee approves all fees payable to TSMC’s independent auditor and recommends the same to the Board of Directors for further approval. The Board of Directors has authorized the Audit Committee to approve any subsequent changes not exceeding 10% of the approved fees.

Unit: NT$ thousands

AccountingFirm

Name of CPA

Audit Fee

Non-audit Fee

Whether the
CPA’s Audit
Period Covers an Entire Fiscal Year

Note
System
Design

 Company
Registration		 Human
Resource

Others

Subtotal

Yes

No

 Audit
Period
Deloitte &
Touche		 Yi-Hsin Kao,
Hung-Wen Huang,
and others		 65,065 - 180 - -

180

V

 

 

Note
Note: Article 10-5-1 of Regulation Governing Information to be published in Annual Report of Public Companies was not applicable to TSMC.

Due to relevant regulatory requirements on rotation, Deloitte & Touche changed audit partners for TSMC in 2013.

TSMC’s Chairman, Directors, Chief Executive Officer, Chief Financial Officer, and managers in charge of its finance and accounting operations did not hold any positions within tsmc’s independent audit firm or its affiliates in the most recent two years.

Evaluation of the External Auditor’s Independence

The Audit Committee regularly monitors the independence of TSMC’s external auditor by conducting the below evaluations and reports the same to the Board of Directors:

  1. The auditor’s independence declaration
  2. The Audit Committee pre-approves all audit and non-audit services conducted by the auditor to ensure that the non-audit services do not influence the results of the audit
  3. Ensure the audit partner rotates every five years
  4. Annually evaluate the independence of the external auditor based on the results of the auditor survey