qualifications, or approval is revoked or suspended for the remaining approval period. 7. Sanctions The SEC may revoke or suspend the approval of the foreign auditors when a. foreign
of Approval auditor notifies the SEC of the intention to terminate from an SEC approved auditor, auditor cannot maintain the qualifications, or approval is revoked or suspended for the remaining
companies; Ensuring fair treatment to shareholders of a takeover target company; Enforcing cases of corporate fraud; Supervising business operators to take care of investors with fair and reliability
resembles the international supervisory framework. The audit quality control regulatory shall be performed at both individual auditor level and firm level. In order to enhance quality and reliability of the
of directors but not less than three persons. The audit committee consists of at least three persons and at least one person must have adequate knowledge to review the reliability of financial
experience in reviewing the reliability of financial statements. Rights of Shareholders and Institutional Investors “Shareholders” are considered company’s owners who control the company indirectly by
and work systems to ensure orderliness, fairness, efficiency and reliability of market activities, and support appropriate fundraising, investment and securities trading to promote continuing growth of
experience in reviewing the reliability of financial statements. Rights of Shareholders and Institutional Investors “Shareholders” are considered company’s owners who control the company indirectly by
and work systems to ensure orderliness, fairness, efficiency and reliability of market activities, and support appropriate fundraising, investment and securities trading to promote continuing growth of
benefit the remaining unitholders, the mutual fund management company should exercise its discretion in deciding whether to dissolve the fund. The calculation method in the case of investment units