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South Korea's FSS Pre-Notifies Auditor Designations for Fiscal 2027
South Korea's FSS pre-notifies 1,193 companies for external auditors in 2027, with 92 new periodic designations and 222 IPO-bound firms.
In brief
South Korea's FSS pre-notifies 1,193 companies for external auditors in 2027, with 92 new periodic designations and 222 IPO-bound firms. South Korea's Financial Supervisory Service pre-notifies 1,193 companies for external auditors in fiscal 2027, including 92 new periodic designations and 222 companies preparing for…
FSS Pre-Notifies Auditor Designations
South Korea's Financial Supervisory Service pre-notifies 1,193 companies for external auditors in fiscal year 2027.
Composition of Companies
849 listed and 344 unlisted firms, 37 fewer than last year's 1,230 companies.
Designation Types
404 periodic designations and 789 ex officio designations cover the 1,193 companies.
New Periodic Designations
92 companies newly subject to periodic designation have average assets of 831.2 billion won.
IPO-Bound Companies
222 of 382 newly designated ex officio companies are preparing for initial public offerings.
Timeline for Contracts
FSS accepts redesignation requests for two weeks, issues formal notices on the 12th of next month, and requires contracts within two weeks.
Here's the gist
South Korea's Financial Supervisory Service pre-notifies 1,193 companies for external auditors in fiscal 2027, including 92 new periodic designations and 222 companies preparing for IPOs.
