[이코노믹리뷰=정다희 기자] The Financial Supervisory Service has given advance notice of key inspection items for business reports ahead of the 2021 business report submission deadline (March 31, 2022) for corporations with a December settlement of accounts. In addition to matters related to internal control, which has recently become a problem, the status of treasury stock acquisition and whether or not the reasons for non-fulfillment of the acquisition are listed.
According to the Financial Supervisory Service (FSS) on the 17th, it is planning to check the prior notice of key inspection items for 2,926 corporations subject to business report submission, including listed corporations for December settlement.
A business report is a public document that summarizes the annual business and financial status of a company, and serves as the basis for investors to identify a company and make investment decisions. The Financial Supervisory Service (FSS) conducts an annual key check to ensure that the business reports of stock-listed corporations with the December settlement of accounts have been properly prepared in a formal way to encourage better disclosure.
The Financial Supervisory Service is planning to check the pre-announced key inspection items for a total of 2,926 corporations subject to business report submission.
Regarding financial matters ▲ Whether financial disclosure matters complied with the standards for filling out the corporate disclosure form (4 items) ▲ Appropriateness of disclosure details regarding accounting auditors (5 items) ▲ Adequacy of disclosure of matters related to internal control (2 items) Regarding non-financial matters, ▲ESG bond issuance and usage results ▲Status of granting and exercising stock options ▲Post-merger information such as mergers and acquisitions ▲General organization of business report forms ▲Status of employees and remuneration ▲Status of acquisition and disposal of treasury stocks ▲Disclosure of special listed companies, etc. focus on checking
The FSS said, “As a result of the inspection, we will notify the company and auditors individually in May 2022 and guide them to voluntarily correct them. We will give a strict warning and, if necessary, refer to the selection of financial statements review targets.”
