and investors to the table, but evolve over time as methods and reporting practices improve. For example, criteria that involve project-specific impact assessments, although the most rigorous, are

elements of the financial reporting ecosystem, from better education and training to more rigorous monitoring and enforcement. And it is only when the appropriate processes are in place and the people

from the first inspection cycle (2010-2012) to 2019, the first year of the 4th inspection cycle (2019-2021), showed promising overall improvement despite the SEC’s more intensive inspection in several

is growing instead of print media. Combined with the rigorous policy of reducing costs particularly, the voluntary redundancy program that company has started since the fourth quarter of 2016. However

fundamentals which should be included in individual CRA codes of conduct, and the elements contained in the IOSCO CRA Code should receive the full support of CRA management and be backed by thorough compliance

regarding the approval of audit firms and supervision of audit quality. This will be an important mechanism for driving the audit firms to be responsible for, and give priority to, the thorough quality

reporting lines are clearly defined in conformity with the good internal control principle. We also emphasize thorough, accurate and regular disclosures on risk management and capital to the public. 3 Details

website in the country. The digital media is growing instead of print media. Combined with the rigorous policy of reducing costs particularly, the voluntary redundancy program. In addition, in the fourth

Code should receive the full support of CRA management and be backed by thorough compliance and enforcement mechanisms. However, the measures set forth in the IOSCO CRA Code are not intended to be all

, through more rigorous disclosure rules, with a greater focus on monitoring and enforcing of rules and regulations. Within the corporate sector, broader (but by no means universal) recognition is developing