FSS to Hold Briefing on Accounting Firm and Audit Team Issues on the 19th

The Financial Supervisory Service announced on December 4 that it will hold the "2025 Accounting Firm and Audit Team Accounting Issues Briefing" together with the Korean Institute of Certified Public Accountants at the main auditorium of its Yeouido headquarters in Seoul at 2:00 p.m. on December 19.

At this event, the Financial Supervisory Service will share current accounting supervision issues and supervisory directions that are useful in the audit work process of external auditors (accounting firms and audit teams). The agency will also provide information on key accounting issues for 2025, as well as major findings from past reviews and inspections. In addition, it will introduce guidelines for preparing control activity forms to help prevent and detect financial fraud such as embezzlement, encourage proper review by auditors, and present key deficiencies identified in auditor inspections of listed companies.

The Financial Supervisory Service also explained that it would collect questions and suggestions in advance regarding major accounting issues such as the internal accounting management system and the financial statement review system, and provide answers during the briefing.

Participants can register on the Korean Institute of Certified Public Accountants website. Online participation is also available.

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