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http://dx.doi.org/10.9708/jksci.2014.19.12.339

A Study on An Improvement Scheme of the External Auditing System by Enforcing K-IFRS  

Choi, Rack-In (Dept. of Community Science, Sungkyul University)
Publication Information
Journal of the Korea Society of Computer and Information / v.19, no.12, 2014 , pp. 339-348 More about this Journal
Abstract
This study searches an improvement scheme of auditing on international financial environment since enforcing IFRS in order to secure transparency and reliability in corporate accounting and credibility in external audit from 2011 K-IFRS. As improvement schemes for the issue of the audit on K-GAAP are: First, the guarantee of the auditor's qualities of duties and talents about the lack of accountability and awareness and independence of auditor are needed. Secondly, the free acceptance or certified public accountant is adopted. Third, the non-Executive Director shall be granted. Fourth, the external auditor CPA and Auditor's remuneration should be increased. Fifth, the auditor's shares shall be limited. Sixth, the external audit to supervise and the ratio of supervision should increase. Finally, the foreign corporation for the time being limited to increase our competitiveness.
Keywords
K-IFRS; K-GAAP; External Auditing System; Free Acceptance; Certified Public Accountant; External Auditor;
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