• South Korean regulator launches more inspections into accounting practices

    The South Korean financial regulator announced more inspections into the practices used at big companies in a bid to strengthen oversight on accounting standards. On Friday, the Financial Supervisory Service (FSS) said major companies with assets worth more than one trillion won (USD880m) made up for 7% of the regulator’s annual inspections into accounting practices. This year, that ratio jumped to 20%, according to the FSS. During the first eight months of 2018, at least 176 inspections into accounting practices were made, with the regulator…

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