Audit and Inspection
1. 감사위원회의 역할
BAI, the Supreme Audit Institution of the Republic of Korea, is established under the President of the Republic, but it is independent in performing its duties. Provisions of the Constitution and the BAI Act mention three major responsibilities of BAI: (i) BAI verifies the accounts of revenues and expenditures of the central government; (ii) B
owner can present objections to the election of directors seems highly unlikely.
Unlisted companies(비상장회사)
listed companies(상장회사)
assign
Is not mandatory.
If directors are classified based.
If you install an audit committee is mandatory.
Is mandatory.
Total Number of Directors 1 / 4 or more.
Total assets of 2 trillion won or more 3 or more publicly traded companies.
Constitutional Institution
Under the Constitution’s
97th Amendment:국가의 세입․세출의 결산, 국가 및 법률이 정한 단체의 회계검사와 행정기관 및 공무원의 직무에 관한 감찰을 하기 위하여 대통령 소속하에 감사원을 둔다.
BAI belongs under the president's office for the settlement of national revenue and expenditure and audits on t
ⅠDescribe the company
Brief presentation of corporation
1. History and Vision
In 1966, the parent corporation of STX Pan Ocean - BumYang Shipping Company was founded, focusing on Marine Transportation. During 90’s the company developed a lot providing shipping and container services. In 2004, the company changed its name as ‘STX Pan Ocean’, and the following year, 14 July 2005, the com
2. By recognizing rentals as equipment sales in the current period, does this increase or decrease Xerox’s sales revenue in the future period?
Since such creative accounting is basically moving up future revenue boost current revenue, Xerox’s revenue in future periods is expected to decrease. If dealt properly, Xerox would have recorded revenue by $10 each month However, if Xerox records it