"Daejang-dong Sales Agency Receives Disclaimer of Opinion in External Audit"

[Asia Economy Reporter Minji Lee] It has been revealed that the sales agency, known to have monopolized the sales project of Hwacheon Daeyu's Daejang-dong district in Seongnam City, received a 'disclaimer of opinion' in last year's audit.

On the 4th, Kim Sang-hoon, a member of the People Power Party, analyzed the audit report of sales agency A of Hwacheon Daeyu and found that the accounting firm auditing A in April last year issued a 'disclaimer of opinion.' A disclaimer of opinion means that the company refused to submit financial and managerial data or respond, making the company's operations very opaque.

At that time, the accounting firm reportedly stated, "We were unable to obtain sufficient and appropriate audit evidence regarding the financial statements," and "We did not receive key materials necessary for the audit, such as management's written statements, income statements, statements of changes in equity, cash flow statements, and financial statements." Previously, in the audit report filed in 2019, a different accounting firm issued a 'qualified opinion.'

Kim pointed out that the accounting firm at that time concluded in a context that there were financial problems with company A. Kim said, "It is questionable why the company that monopolized the prime Pangyo apartment sales of Hwacheon Daeyu responded so carelessly to the audit," and added, "It is reported that company A received 10 billion won from Kim Man-bae, the major shareholder of Hwacheon Daeyu, so it is necessary to closely examine whether this was a legitimate payment."

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