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FSC Approves Amendments to External Audit Act and CPA Act to Enhance Audit Governance

News Corporate Finance & M&A Law & Policy Updates
Date: 14th May, 2025 Source: Financial Services Commission Country: South Korea Original Source

Brief

On May 14, 2025, the Financial Services Commission issued an update regarding FSC Approves Amendments to External Audit Act and CPA Act to Enhance Audit Governance. The amendments aim to improve audit governance by introducing a system for designating companies with excellent accounting and auditing management as "exempt" from periodic audits.

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Financial Services Commission

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