FSS to Shorten Listed-Firm Review Cycle, Targeting 10 Years for KOSPI 200

South Korea’s Financial Supervisory Service announced its 2026 accounting review and inspection plan on March 29, saying it will sharply shorten the accounting review cycle for listed companies. This year, the agency will review or inspect financial statements at 170 companies, including listed firms, up 10 from the previous year, and conduct auditor inspections at 10 accounting firms. The FSS plans a medium- to long-term roadmap to cut the KOSPI 200 company review cycle from about 20 years to 10 years. It will also examine four themes, including convertible bond issuance and financial covenants. The agency said stronger sanctions on accounting fraud and auditors are aimed at speeding the exit of weak companies. Source: hankyung.com.