7 of [South Korea goyounghun financial newspaper reporter] last fiscal supervision where 10 companies from the financial authorities appeared to have been intellectual. Supervision of the audit company for the four accounting firms rate gotta results pointed to more than a majority in aggregate 53.6% revealed the problem.
Supervision of the Financial Supervisory Service audit report 2016, according to Audit Report Methodist analysis results announced 22 days a year the company has increased the number of two companies with a total of 133 compared to 131 four companies. Methodist Methodist type specimen company can be a total of 58 companies last year compared to 66 companies 8 companies decreased, while the alleged supervision, supervision entrusted to the company jumped 65 places compared to the previous year where 10 to 75 places.
Especially in the audit report of the company noted Methodist Results 2016 rate was increased by 15.0% points to 66.9% compared to 51.9% the previous year.
As the FSS official said, "Methodist intellectual major factor rate increase is overweight for companies with fraud risk factors such as sample Methodist target selection during embezzlement, breach of trust occurs, internal accounting systems improper, frequent largest shareholder changes indicated rate also increased He explained that thing ".
Methodist Results for Methodist in the audit report by the company four accounting firms audit the company in 2016 indicated rate has increased year-on-year by 9.3% points to 53.6%. 4 accounting firm is Deloitte Anjin, Samjung KPMG, three days, EY, such as Han.
Supervision of the results for the other accounting firms audit the company noted increased year-on-year rate of 18.0% points to 76.6%. Listed in last year's audit report Methodist corporation where 133 companies accounted for 60.2%, and a total of 80 places, compared to the previous year has increased 1.4 percentage points. Supervision of companies other than listed companies has accounted for 39.8% were privately held corporation commission consists Supervision, privately owned financial companies.
By Market Sector Stock Market listed companies has increased, but there was no change compared to the previous year KOSDAQ listed companies and listed companies are Conex market by 1 companies and two companies. Supervision of listed companies last 3 years period is 25 years in 2014 from 41 in 2015, there was a decline in 25 years in 2016.
Last November, a privately held corporation supervision (supervision commission) from the Certified Public Accountants as the unification with South Korea's Financial Supervisory Service said to focus on the social impact of a large listed company supervision. As the expansion of the organization in February of this year, including a new fiscal plan is expected to be shorter Methodist rooms jugido future listed company supervision.
Also it expected to respond quickly and accurately for the accounting fraud case and is holding the next goal in the '25 cycle too supervision last 10 years. For the fiscal year, the FSS plans to improve the quality view into focus as the non-marketable assets evaluation △ △ △ disclosure industrial orders returned or exchanged accounting △ derivatives accounting treatment. The listed company said it would induce self-harm also conducted proactive fiscal supervision to cautious from the steps of creating financial statements.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
