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FSS to Host Online Briefing on Auditor Designation System

Commercial Services · Financial Publishing/Services · yonhap_finance · 2026-08-27

The Financial Supervisory Service will hold an online briefing to guide companies on submitting required data for the auditor designation process.

What Happened

Briefing Overview: The Financial Supervisory Service (FSS) announced an online briefing regarding the auditor designation system. The session aims to prepare companies for the upcoming submission window for auditor designation data, scheduled for September 1-15.

Submission Requirements: Under the External Audit Act, December-closing listed companies and large unlisted firms with non-separated ownership and management must submit their data by September 15. Failure to meet this deadline may result in the mandatory designation of an auditor by the regulator.

Accessibility: The FSS plans to distribute instructional videos and materials via its official website and YouTube channel. This digital-first approach is intended to ensure that corporate practitioners can easily access necessary guidance.

Regulatory Compliance: The briefing is part of the FSS's ongoing efforts to improve accounting transparency and help firms avoid administrative pitfalls. The regulator continues to emphasize strict adherence to the auditor designation process to maintain market integrity.

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