GOVERNANCE Corporate Governance

• Regularly assess the performance of the CPAs’independence
1. Date reported to the Audit Committee in 2023: February 24, 2023｜Date reported to the Board of Directors in 2023: February 24, 2023
2. Date reported to the Audit Committee in 20234 February 23, 2024｜Date reported to the Board of Directors in 2024: February 23, 2024
3.Execution Report
The company's Audit Committee conducts an annual assessment of the independence of the signing auditors and reports the assessment results to the Board of Directors. The most recent assessment, after being approved by the Audit Committee on  February 23, 2024 & February 24, 2023, was subsequently approved by the Board of Directors on the same date.
■ Evaluation Mechanism
1. Confirm that the CPAs are not related parties to the company and its directors.
2. Adhere to the corporate governance best practices for the rotation of the CPAs.
3. Under the provisions of the Sarbanes-Oxley Act in the United States, the auditing firm must obtain prior approval from the Audit Committee before being engaged for annual audits and other cases.
4. In accordance with the Sarbanes-Oxley Act in the United States, the independent auditors are required to report to the Audit Committee on a quarterly basis regarding the details of their review/audit work and their compliance with independence standards.
5.Regularly obtain independent auditor's issued statements.
6.Obtain 13 audit quality indicator (AQIs) information provided by the accounting firm, and evaluate the audit quality of the accounting firm and the audit team based on the "Audit Committee Interpretation of Audit Quality Indicators (AQIs) Guidelines" issued by the competent authority.

■ Evaluation Result
1. The independence between the certified accountant and the company complies with the Accounting Law of the Republic of China, the Code of Professional Ethics for Accountants, the United States SEC and PCAOB and other relevant regulations.
2. Referring to the AQI indicator information, it is confirmed that the audit experience and training hours of accountants and firms are better than the average level of the industry. Digital audit tools are also continuously introduced to improve audit quality. ①After discussion and approval by the audit committee on February 23, 2024, the board of directors passed a resolution on February 23, 2024 to evaluate the independence and competency of the accountants. ②After discussion and approval by the audit committee on February 24, 2023, the board of directors passed a resolution on February 24, 2023 to evaluate the independence and competency of the accountants.

■ Evaluation Criteria：Independence
Item Item Evaluated Evaluation 
Finding		 Complies with 
Independence
1 Doea the external auditor have direct or material indirect financial interest in Tait? NO YES
2 Does the external auditor have a close business relationship or a potential employment relationship with Tait? NO YES
3 Does the external auditor have loans or guarantees with Tait or Tait directors? NO YES
4 Has the external auditor or a member of the audit team been a director, a manager of Tait or been employed by Tait within the last two years in a position to exert significant influence over the subject matter of the engagement? NO YES
5 Does the external auditor provide any non-audit services which if performed for Tait would affect directly a material item of the audit engagement? NO YES
6 Does the external auditor serve as an advocate or representative for Tait With third parties in the event of conflict? NO YES
7 Does the external auditor have family ties with anyone who is a director, Manager, or officer of with Tait or any personnel who is in a position to exert significant influence over the subject matter of the engagement? NO YES
8 Does the external auditor promote or broker shares for PEC or other securities issued by Tait ? NO YES

■ Evaluation Criteria：AQIs
Item Evaluated Evaluation Result
ITEM 1 : Professional index 1-1 Check Experience OK
index 1-2 Training Hours OK
index 1-3 Turnover Rate OK
index 1-4 Professional Support OK
ITEM2 : Quality Control index 2-1 Accountant Load OK
index 2-2 Audit Hours OK
index 2-3 Case Quality Control Review(EQCR) OK
index 2-4 Quality Control Support Capabilities OK
ITEM 3 : Independence index 3-1 Non-audit Services Fee OK
index 3-2 Customer Familiarity OK
ITEM 4 : Supervise index 4-1 External Inspection Deficiencies and Penalties OK
ITEM 5 : Creativity index 5-1Digital Technology OK

 
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