Law firms, foreign financial firms may face external audits
April 29, 2013
The Financial Services Commission is considering widening the scope of its accounting oversight targets under the Park Geun-hye administration’s drive to raise tax revenue.The new targets may include law firms, accounting firms, religious groups, donation fund operators, some local units of foreign financial firms and luxury brands operating here, FSC officials said.The cited sectors have not been subject to external audits, while financial statements of a greater portion of businesses have been