The Securities and Futures Commission of the Financial Services Commission said it held its sixth regular meeting on the 25th and approved an additional contribution to the joint compensation fund for Jeongan Accounting Corporation, which violated audit procedures.
According to the Securities and Futures Commission (SFC), Jeongan Accounting Corporation, when auditing Company A's financial statements, omitted without basis or inadequately performed certain audit procedures, including a review of the validity of the revenue recognition criteria.
The Securities and Futures Commission (SFC) notified Jeongan Accounting Corporation, which violated audit procedures related to sales, of a 10% additional contribution to the joint compensation fund and ordered one affiliated certified public accountant to complete two hours of job training.