The FSC published amendments to the aforementioned Regulations on January 24, 2019 in response to the newly-announced auditing standards and accounting standards (including IFRS 9 “Financial Instruments” and IFRS 15 “Revenue from contracts with customers”, which were adopted on January 1, 2018 and IFRS 16 “Leases”, which was adopted on January 1, 2019). In addition to the amendments of relevant audit process related to the above standards, the FSC also added extra requirements that CPAs should pay more attention to after reviewing recent common audit deficiencies.