concerning the issuance of bills of exchanges, the related receipt and payment transactions, the accounting records practice, and the questionable transactions of land sales and purchases. The company was also
practice, and the questionable transactions of land sales and purchases. The company was also ordered to rectify the annual financial statements for the year 2015 and the interim financial statements for the
required to examine the issue raised by the auditor whether the questionable transactions of land sales and purchases were in line with the normal course of business operation.Concurrently, the SEC
related receipt and payment transactions, and the accounting records practice. The company was also required to examine the issue raised by the auditor whether the questionable transactions of land sales
on, the interim financial statements for the third quarter of 2016. The auditor's report on the facts related to the questionable land sale and purchase transactions was also submitted to the KC Board
. The auditor’s report on the facts related Building Confidence in the Capital Market - 2 - to the questionable land sale and purchase transactions was also submitted to the KC Board of Directors pursuant
rights, which the SEC viewed to be questionable as to the appropriateness and the assumptions used in calculating the fair value of the mining property rights over the two Indonesian mines. The deadline to
that are difficult to detect. For example, (1) fraudulent transactions through a subsidiary located overseas that has obscure business objectives and is hard to inspect, (2) trading transactions and
questionable corporate governance issues that could lead to a conflict of interest. (Normally, institutional investors may use several measures such as seeking clarification in writing, meeting with independent
. On the other hand, concerns of the auditor reflect doubts in the company’s questionable financial statements. An Auditor’s independence is also important to ensure transparency and reliability of