[서울=뉴스핌] Reporter Se-won Kim = The deadline for submitting the audit report of the December settlement company was virtually finished, and it was found that 50 listed companies have not yet submitted a report.
Some of these have already been designated as’management stocks’ or’investment-attention stocks’. In particular, it is pointed out that in the worst case of not meeting the deadline for submitting business reports including audit reports, there is a possibility that they may be withdrawn from the stock market.
Korea Exchange Seoul Office Building [사진=한국거래소] |
According to the’Act on External Audit of Stock Companies, etc.’ (External Audit Act), external auditors must submit an audit report to listed companies one week before the regular shareholders’ meeting is held. In addition, listed companies must attach and disclose the audit report on the day it is delivered. Considering that the last weekly centralized day for this year is the 31st of this month, the actual audit report submission deadline is the last 23rd. Failure to submit the audit report in time increases the risk of designating a management item as it will interfere with the submission of the business report.
However, according to the Korea Exchange Corporate Disclosure Channel (KIND), as of 7 am on the 25th, a total of 50 listed companies have not yet submitted audit reports. By market, 8 KOSPI, 32 KOSDAQ and 10 KONEX are not submitting audit reports within the deadline.
In detail, in the KOSPI market, eight companies, including JW Life Science, JW Holdings, Samyoung Chemical Industries, Jjun Cosmetics, Next Science, Daeyu Plus, Central Insight, and Cellmaterafutics, have not yet submitted audit reports.
Among KOSDAQ listed companies, those who have not submitted audit reports are NG Technology, ITX-AI, Lumens, Mobase, Samryung C&T, I.M. Lee, F&Republic, Orient Precision, CSA Cosmic, UCI, Gangwon, DSST, Digital Optics, Lumens, Mobase. Electronics, BDI, Seojin Automotive, Sekonix, Soribada, CN Plus, Duas, Ecomeister, Ecocap, Mgenplus, Wooriro, Wonik, Wave Electro, Cornerstone Networks, Codem, Clover Hitech, Korea Corporation, Haengnamsa Etc. 32 places.
In addition, 10 companies including Deep-rooted Trees, Sunbio, Adbiotech, Hubexel, Narasoft, Myungjin Holdings, Mro, Wontech, 20il Store, and Jinkostech did not submit audit reports in the KONEX market.
The number of companies that did not submit audit reports increased concerns among investors, but some listed companies say that it is a procedural delay and there is no problem with the company’s management situation. An official from a publicly traded company, who announced the delay in submitting the report, explained that “the audit process is a little delayed due to the security data requested by the auditor.”
Another listed company official also said, “The company does not have an audit-related problem internally. As it is a consolidated company, our side is being hampered because the auditing process of the affiliates has not been completed,” he said. “We try to solve it as soon as possible. I’m doing it,” he said.
In addition, it is reported that some listed companies are having difficulty submitting audit reports and business reports as the settlement of accounts is delayed due to the effect of the novel coronavirus infection (Corona 19) this year following last year. Accordingly, the Securities and Futures Committee under the Financial Services Commission approved 12 listed companies, including Soribada, EM Networks, Eco Meister, IM Lee Yeon, Hubex Cell, and Sunbio, as the subject of sanctions exemption for delays in filing business reports. These companies can submit business reports by May 17th.
On the other hand, the remaining December settlement companies listed companies are required to submit business reports including audit reports by the originally scheduled legal submission deadline (31st of this month). An official from the exchange said, “Once there is no audit report, you cannot submit a business report, and listed companies that fail to submit a business report by the legal submission deadline are designated as a management item.” It will happen,” he emphasized.