[Korea financial newspaper goyounghun News] FSC Securities and Futures Commission measures over the last 28 days 4 Securities issued for five companies, including violation of accounting standards at the meeting to create the financial statements, disclose the hangnam limit, auditors specify such .
According to the first day jeungseonwi hangnam 10 months, it was the securities issued limitation, the auditor 3 years designated measures to Consolidated Financial Statements errors.
Great Lakes Hitech has received a two-year action eight months to issue securities based sales and purchases a false limitation, the auditor assigned. The industry is one trillion days two auditors designated four months to issue such securities sales and cost of sales accounted for over-year limit, jemaen Company was cheobunreul designated officer to two years limited to four securities pledged not to raise the contents month.
Bild also received four months to gather restrictions listed securities to valuation allowances to be false, disciplinary officer designated two months.
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Wednesday, March 1, 2017
Jeungseonwi, accounting violations, hangnam built together, including five Sanctions
Friday, February 24, 2017
Korea Accounting Standards won the seven elected president
[Korea gimmingyeong financial newspaper reporter] Korea accounting standards, open source is 24 days a year in 2017 the Second General Assembly members elected gimuihyeong PwC Consulting Senior Advisor to the President and Chairman of Korea Accounting Standards Board Accounting Standards Director. Jangjiin term of Korea Accounting Standards Accounting Standards Committee President and Director of the term of office expires and new words ledger March 2017, two months are January teoda some three years.
◇ BIOGRAPHY
Gimuihyeong Director (61 years old)
Education: Seoul National University (MBA), Seoul National University (BA in Economics)
Experience: Samil CEO, PwC Consulting CEO, Korea Exchange Disclosure Committee, Accounting Standards Committee, the Fair Trade Commission non-executive members, PwC Consulting Senior Advisor (prefecture)
Qualifications: Certified Public Accountant in Korea, US Certified Public Accountant
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Daewoo Shipbuilding & Marine Engineering, accounting fraud charges 4.545 billion won a second successive scale ...
[Korea hyerin nine financial newspaper reporter] can be subject to fines trillion was 4.545 billion won in Daewoo Shipbuilding committed accounting fraud. Based on a single company by May 8, 2013. First Savings Bank (6.692 billion won) Gyeongnam The monetary sanction after sanction of the second largest ever.
FSC Securities and Futures Commission (Chairman jeongeunbo) said that the last 23 days opened the first temporary violation of accounting standards at the meeting by creating a financial statement disclosures, the treatment imposed a 4.55 billion won in fines Shipbuilding Company. In addition gojaeho former Daewoo Shipbuilding CEO egen it had imposed fines of a total of 28 million won, including 16 million won, 12 million won egen jeongseongrip current representative.
In addition, jeungseonwi counsel dismissed gimyeoljung Chief Financial Officer (CFO), said auditors, exited the measures specified in Daewoo Shipbuilding for three years.
According to the financial authorities-scale accounting fraud committed a total of nine years from 2008 to 2016 Daewoo Shipbuilding & Marine Engineering last year has reached 7.7 trillion won on a cumulative basis. · Revenue was reduced to inflate reported expression that the cost of sales and related assets and liabilities.
Specifically, total construction estimates were over-year progress of the construction and operation reduced the expected cost, and did not delay damages (LD) due to the delayed delivery of the ship and overweight reflect deducted from gyeyakga. In addition, changes refusal notice the construction from ship owners (Change Order) to made the expected contract revenue reflects increased to gyeyakga, that while rewriting the past, the financial statements unfairly, including historical financial statements approval date after the ship owners and the agreed construction changes gyeyakga due to year increase reflects violated the disclosure in a manner such as to rewrite the past financial statements.
In addition, such a technique Long-term trade receivables allowance for doubtful accounts recorded under, excessive investments in subsidiaries recorded deferred tax assets related to net losses accounted hype, delay damages comments not shown, false declaration listed securities was caught.
Jeungseonwi fell measures such as Daewoo Shipbuilding Samjung Accounting Firm in violation of auditing standards and auditing the marine earn additional compensation fund, limited audit work. Samjung Accounting Firm for the Department issued a certified public accountant and specify actions such as stock-listed company audit work restrictions, limited audits of the Company.
On the other hand, it is treated jeungseonwi another external audit firm sanctions information on Anjin thanked the Shipbuilding said it would finalize in the process of undergoing further supervision and financial jeungseonwi above-discussed above.
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