Â Periodic designation of auditors will be postponed for three years for companies with excellent accounting and auditing governance structures

News Financial services Law & Policy Updates

Date: 31st Dec, 2024 Source: Financial Services Commission Country: South Korea Original Source

Brief

On December 31, 2024, the Financial Services Commission issued an update regarding "Periodic designation of auditors will be postponed for three years for companies with excellent accounting and auditing governance structures". This decision aims to encourage companies to improve their internal control systems and auditor independence. Companies meeting specific criteria will be exempt from periodic audits for three years.

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Financial Services Commission

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Â Periodic designation of auditors will be postponed for three years for companies with excellent accounting and auditing governance structures

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Â Periodic designation of auditors will be postponed for three years for companies with excellent accounting and auditing governance structures

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Financial Services Commission

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