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Korea sets standards for evaluating accounting management systems.

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The Financial Services Commission (FSS) of Korea has issued new evaluation and reporting standards and guidelines for listed companies’ internal accounting management systems. These standards aim to enhance transparency and accountability in the financial reporting of companies. The guidelines cover areas such as internal control measures, risk assessment, and compliance with accounting standards. The FSS encourages companies to adopt these standards and improve their accounting management systems to ensure accurate financial reporting.

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