[Goyounghun financial newspaper reporter Korea] and the Financial Supervisory Service conducted the accounting supervision of listed companies this year, 172 companies, said it will strengthen supervision on vulnerable sectors.
The FSS announced that it will conduct four days thanks to the supervision and quality control supervision for 10 accounting firms in the financial statements of 172 companies, including listed companies in 2017 (audit report).
Last year for an increase of 133 companies over 39 companies smooth the financial statements of 172 companies (audit report), presiding FSS plans to proceed with such force expansion and streamlining supervision.
In the case of supervision staff 52 people in 2017, an attempt to gradually expand to up to 66 people in 2018, and also increase efficiency by expanding the theme Supervision, supervision personnel training, such as substantiality hagetdan position.
In addition, it also carried an accounting firm audit quality control supervision. A total of 10, including accounting firms audit quality supervision is the five companies first half Supervision to check whether the external auditor adequacy and audit implementation process properly operate the system from the internal systems established to improve the quality of audit work, five companies half It plans to conduct on accounting firms.
When the test year maintaining the air conditioning systems for the US listed companies Accounting Oversight Board (PCAOB) and the national accounting firm, and the previous year's results, the quality supervision management level should conduct a re supervision for poor accounting firm.
According to the US Financial Accounting Reform Act (Sarbanes-Oxley Act), including the accounting firm registered in three days, Samjung, nystagmus in accounting and auditing for listed companies in the US stock market and the PCAOB, and receive a check regularly.
In particular, the FSS has a new bar on the 'fiscal planning Methodist rooms' dedicated to monitoring and supervision plan for the accounting of such allegations in February vulnerable sectors expected to strengthen accounting oversight for vulnerable sectors this year.
Accounting fraud is the position that building a permanent monitoring system for such high-risk companies, and conduct further review when planning supervision through such important matters alleged discovery.
The FSS said the vulnerable sector means a larger company social event of the wavelength companies, accounting fraud, such as shipbuilding and construction. Providing an organic cooperative system for accounting allegations related information, such as credit rating agencies and relevant organizations to collect information that can be focused, and it plans to focus on the supervision competencies for listed companies expand staffing in stages.
If the theme Methodist zoom previous 50 win in 20 companies, and to improve the supervision efficiency through the Academy, including financial supervision, including personnel training substantiality, improve fraud prediction model shortens jugido listed company supervision.
This year the theme was chosen to preside over the field four accounting issues such as non-marketable assets evaluation △ △ △ disclosure industrial orders returned or exchanged accounting △ derivatives accounting. 2019 is the aim of gradually shortened to 10.2 years.
In addition to induce even accounting fraud and other relevant materials to improve the effectiveness and enhance accounting firm audit quality management systems. Just before quality supervision results, including the consideration of vulnerable sectors central to the quality if the other hand, just before the presiding result that whether adequate improvement of the findings reaffirm and intellectual matters multiple recurrences conduct supervision etc. should strengthen management of the following year re Methodist conducted .
Park Huichun FSS professional review committee is "In recent years, the Orient, STX Offshore & Shipbuilding, Daewoo large accounting fraud investors avoid such Shipbuilding & Marine Engineering, as well as hit pinch adversely far the national economy, accounting transparency, improve the enterprise is urgent" and "year control business conduct supervision in accordance with the operating plan without a hitch, and has strengthened the supervision of accounting for such suspicions to exactly measure the vulnerable sectors violations will explain that. "
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