Tuesday, March 7, 2017

Imjongryong chairman, "it will be listed companies accounting exhaustive verification every 10 years."



[Korea hyerin nine financial newspaper reporter] imjongryong Finance Chairman 'every 10 years will make a verification system to transfer the entire listed companies accounting' said said positions commitment greatly enhanced the level of supervision and sanctions.

7 days imjongryong Chairman emphasized thus attend the "fiscal transparency Comprehensive Plan Public Hearing 'was held along with two Democratic lawmakers choeunyeol gimjongseok clinics, hangukdang freedom and Finance Committee.

Im Chairman variety to 'think the recent series of accounting scandals that occurred in our country shows that our accounting is unable to fulfill my role to transparent and accurate information, "he said, to enhance the" fiscal transparency and accountability policy has committed, he said.

The current financial crisis has provided a resolve accounting problems in 2015, industrial new orders accounting transparency measures' gotta raise around industries such as shipbuilding orders. In addition, the last one in January submitted a 'law (oegambeop) on External Audit "All amendments to the state Assembly.

January 20th, has established a "comprehensive measures for improving fiscal transparency and reliability" based inside Accounting Association Research Service.

3 accounting firm to being chairman, was to establish a voluntary inspection system that can improve the reliability of strengthening the internal accounting control system to corporate accounting process itself, in connection with the comprehensive plan said, 'If the auditor publicly traded company presented He said that during one year will continue, including through the introduction of 'second choice specifies "that the supervisory authorities selected the accounting firm enhance the independence of the external auditor.

In addition, he "will significantly strengthen the supervision and sanctions in the director-dimensional" said, "every 10 years to give auditors specified or through the Financial Supervisory Presiding create a system for verifying transfer the entire public company accounting, accounting fraud, stock prices for the poor thanks He emphasized that such operations would be sanctioned with the punishment of unfair trade levels to occur.



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