I. Changes in the General Provisions
1. It is clearly stated that when certified public accountants (CPAs) conduct capital verification services, they should combine the use of capital verification standards with relevant auditing standards. In other words, in addition to complying with the provisions of the capital verification standards, CPAs must also adhere to the relevant regulations of auditing standards such as the audit engagement letter, audit working papers, audit evidence, and the use of experts' work.
2. The definition of capital verification has been revised to include content regarding the examination of changes in the paid-in capital of the entity being verified. This mainly takes into consideration phased contributions. Before the issuance of the new "Company Law," only foreign-invested enterprises were allowed to make phased contributions; now, both domestic-funded and foreign-funded enterprises can do so. In terms of types of capital verification, non-first-time contributions made by investors in phases were originally treated as establishment capital verification under the old rules, but under the new standards, they are treated as change capital verification. Additionally, the method of contribution through debt-to-equity conversion has been removed from the scope of change capital verification.