FSC Chairman Koh Seungbeom attended the 4th accounting day commemoration event held in Seoul on November 1 and delivered a speech emphasizing the importance of accounting reforms which began with the 2017 revision of the Act on External Audit of Stock Companies. With the international accounting and auditing standards introduced in Korea about ten years ago, Chairman Koh said that smaller sized companies may have been overburdened in some cases due to high costs of compliance relative to benefits. In this regard, Chairman Koh pledged to continue to work for improvements in Korea's accounting and auditing system.