ACCOUNTING & TRANSACTION
Corporate Diagnostic Review
An accurate assessment of your company's financial position
to support registration compliance.
We conduct an expert review of the capital and financial position required under laws such as
those governing the construction industry, in accordance with the applicable corporate
diagnostic guidelines, and provide a reliable corporate diagnostic report.
SERVICE OVERVIEW
A corporate diagnostic review requires
an accurate assessment of financial position and substantive capital.
Licensed industries such as construction, electrical works, and information and communications construction must satisfy the statutory capital requirements set by the relevant laws in connection with new registration, business transfers, mergers, and registration renewal filings — and a corporate diagnostic review may be required to confirm this.
It is essential to carefully review not only book capital, but also the substance of assets and liabilities and any adjustments required under the applicable diagnostic standards.
VITAL TAX closely reviews your company's financial statements, key accounts, and supporting documentation, calculating substantive capital in accordance with the relevant laws and corporate diagnostic guidelines to determine whether the registration requirements are met, and provides a CPA-issued corporate diagnostic report.
Service
Corporate Diagnostic Review
Category
Accounting & Transaction
For
Construction · Electrical Works · Information & Communications Construction, and other licensed industries
Scope
Financial Position Review · Substantive Capital Assessment · Registration Requirements · Diagnostic Report
KEY SERVICES
Key Services
01
Financial Position Review
We review the financial statements, account-level general ledgers, and key supporting documentation to identify the company's financial position and the key items required for the diagnostic review.
02
Substantive Capital Assessment
In accordance with the applicable diagnostic guidelines, we review the existence and appropriateness of assets and liabilities, and calculate substantive capital reflecting any necessary adjustments — such as for impaired or non-performing assets.
03
Registration Requirement Review
We compare the calculated substantive capital against the statutory capital requirement for the relevant industry, and review whether the registration requirements are met along with any items requiring remediation.
04
Issuance of Corporate Diagnostic Report
We consolidate the results of the diagnostic review and key findings, and issue a CPA-issued corporate diagnostic report in accordance with the relevant laws and diagnostic standards.
PROCESS
Our Process
01
Understanding the Purpose & Standards of the Review
We confirm the purpose of the diagnostic review and the industry involved — for new registration, business transfer, merger, or registration renewal — and identify the applicable diagnostic standards.
02
Financial Data Review
We review the financial statements, account-level general ledgers, banking records, and key supporting documentation to confirm the existence of assets and liabilities and identify the key items for review.
03
Substantive Capital & Registration Requirement Review
We calculate substantive capital reflecting the adjustments required under the diagnostic standards, and review whether the statutory capital requirement for the relevant industry is met.
04
Issuance of Corporate Diagnostic Report
We consolidate the results of the review and key findings, and issue the CPA-issued corporate diagnostic report required for registration or filing purposes.