Determined disciplinary action against companies that violate accounting standards such as Jeungsun Commission and Seegene

[미디어펜=이원우 기자] The Securities and Futures Commission announced at a regular meeting on the 8th that it had imposed a fine on Seegene, a KOSDAQ listed company that violated accounting standards.

According to the announcement by the Jeungsun Committee, Seegene, a medical product manufacturer, randomly carried out excessive quantities of products that exceeded the actual order volume from 2011 to 2019 to the agency and recognized all of them as sales to account for excessive or underestimated sales, cost of sales, and related assets. did.

Accordingly, the Jeungseon Committee decided to impose a fine on Seegene (final decision by the Financial Services Commission), a three-year auditor appointment, a recommendation to dismiss an executive in charge and a six-month job suspension, and a recommendation to improve internal control.

Meanwhile, S-Mark, an unlisted corporation (subject to submit a business report), used the capital increase capital after falsely specifying the purpose of use of the funds on the securities report, and it was investigated that it falsely recorded available-for-sale securities for the purpose of concealing it. Smark decided to accuse the prosecution

It also imposed measures such as a one-year limit on the issuance of securities, a penalty of 16 million won (former CEO), a fine of 60 million won, and a three-year auditor designation.

Another unlisted corporation, Kosun Bio (formerly Hyunsung Vital) and Apool, were found to understate or overestimate the provisions for bad debts for accounts receivable. Kosun Bio was subject to sanctions such as a 10-month limit on issuance of securities, a fine of 36 million won, a three-year appointment as an auditor, and eight months for A-pool, and two years as an auditor.

While auditing the financial statements of these companies, the Jeung Seon Committee announced that it voted for measures such as suspension of work and restrictions on auditing to accounting firms and chartered accountants who violate accounting audit standards.

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