65 / 98
65
Appendix
Report of Independent Accountants
PwCR14000147
To the International Cooperation and Development Fund (TaiwanICDF)
We have audited the accompanying balance sheets of the International Cooperation and Development Fund
(TaiwanICDF) as of December 31, 2014 and 2013, and the related statements of revenues and expenses, of changes
in fund balances and of cash flows for the years then ended. These financial statements are the responsibility of the
TaiwanICDF’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the “Regulations Governing Auditing and Attestation of Financial
Statements by Certified Public Accountants” and generally accepted auditing standards in the Republic of China.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of
the TaiwanICDF as of December 31, 2014 and 2013, and the results of its operations and its cash flows for the years then
ended, in conformity with the accounting policies described in Note 2.
As described in Note 20 to the financial statements, certain assets were placed under the custodianship of the
TaiwanICDF at the request of the owners and these assets are not reflected in the financial statements. The details of
these assets are disclosed for reference purposes only.
PricewaterhouseCoopers, Taiwan
March 18, 2015
The accompanying financial statements are not intended to present the financial position and results of operations
and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than
the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such
financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of
China. Accordingly, the accompanying financial statements and report of independent accountants are not intended
for use by those who are not informed about the accounting principles or auditing standards generally accepted in the
Republic of China, and their applications in practice.
As the financial statements are the responsibility of the management, PricewaterhouseCoopers, Taiwan cannot accept
any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive
from the translation.