The Audit Committee Imposes a One-Year Audit Restriction on Accountants Violating Duty Limitations
[Asia Economy Reporter Park Jihwan] The Securities and Futures Commission under the Financial Services Commission held its 11th meeting on the 3rd and announced that it has imposed a one-year restriction on audit duties for publicly listed and designated companies on certified public accountant A from Hanyul Accounting Corporation for violating duty restrictions.
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According to the Securities and Futures Commission, A was found to have conducted accounting audit work for five companies while simultaneously providing accounting processing and financial statement preparation services to those companies. Additionally, A entered into external audit contracts with two companies, including one where A's spouse is the CEO, and performed external audit duties as the director in charge of those companies.
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