Select Specify the conflict ... Accounting firm opinion even between interlaced

[Korea goyounghun financial newspaper reporter] with a situation such as Daewoo Shipbuilding & Marine Engineering choice because of external auditors that financial transparency is climbing on the topic discussed as part of comprehensive measures for this Article specifies the gaproneulbak been held.

7 days "comprehensive measures for improving fiscal transparency and credibility" in the public hearings held in Yeouido National Assembly Hall led a discussion on such information. One academic position was that, while listed companies are too wide a range of opinions is necessary. Accounting industry also came out mixed opinions depending on the size.

Specify the selection refers to the method that is about half of the listed company Present your company accounting firm's three places that you want to select an external auditor to the Securities and Futures Commission specifies the accounting firm, according to one company. Financial Services Commission has announced a comprehensive accounting transparency measures contained such a way past the end of the month.

About Jin Tax Financial Research director of "Current best in the audit environment in Korea is not the best choice," said the "Applies to have access in-depth accordance with such empirical verification is required and considerable attention is needed on the specific implementation plan of the institution," he said .

But jeongwooyong Listed Companies Association Executive Director as a system with significant drawbacks, such as can be There is effective to eliminate the "handcuffs relations for the designated agent, but thanks efficiency decreases, audit human strife, high maintenance charge of the monopoly, freedom can Limitation of Liability pointed out that institutions "that do not fit with the global trend, which is based on. The car also has views on the way there, specify the size according to the accounting firm.

Seowonjeong Samjung KPMG Audit Division representative said, "To revive the spirit of the Islands sikijaneun enhance fiscal transparency through independent gain of auditors, it is desirable to target the entire listed companies, rather than selecting a target for 40% of listed companies about specifying the" "duplicate regulation on fines and authorized to excessive regulation and Accounts for the separate penalty system introduced for the auditor oegam law," he said. I was selected, specify the opinion that more should be expanded.

On the other hand songjaehyeon Daxian accounting firm representative "should first improve the specification because of the risk assign auditors are not suitable for pigam company's as expanding the designated agent" and "accountants approved and listed companies have not received opposition, and choose Accounting corporate emphasized that further displacement phenomenon can happen, "said I specify multiple choice more desirable than the specified.

In addition, thanks also to the registration system "is different between small and large accounting firms accounting firms operating system should not be evaluated on the same criteria," he said.



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