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| 금융감독원 (사진=연합뉴스) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Last year, 83 listed companies were found to have violated accounting standards. With tougher penalties, fines were imposed at 22.35 billion won, up 37.9 percent from a year earlier.
The Financial Supervisory Service said on the 12th that 83 companies violated accounting standards after reviewing and monitoring financial statements of 146 listed companies. The intellectual rate of violation of accounting standards was 56.5% last year, up 1.9% point from the previous year (54.6%).
Fourteen companies were fined for violating accounting standards, the same as in 2021, but the amount of fines rose 37.9 percent to 22.35 billion won. This is due to the strengthened penalty system under the External Audit Act. The fines imposed by each company averaged 1.14 billion won in 2021, up 40.3% (460 million won) from 1.6 billion won last year.
"Under the External Audit Act, we are taking strict measures against major violations, including an increase in fines every year," the Financial Supervisory Service said. "The company should make self-purification efforts, including strengthening internal control related to the preparation of financial statements, and auditors should enhance corporate accounting transparency."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
