Why the external auditor appointment system matters
6 February 2026
“Who audits your company defines its credibility.”
A company’s financial information is more than numbers. It is a key measure by which investors, financial institutions, and the market assess corporate trust. The foundation of that trust lies in the External Auditor Appointment System.
Why it matters
An external auditor independently verifies whether financial statements are prepared fairly in accordance with applicable accounting standards. The auditor’s expertise and independence directly influence a company’s credibility, financing capability, and corporate governance.
About the system
The External Auditor Appointment System requires companies to appoint an independent and qualified auditor in accordance with established procedures. It is designed to ensure audit quality and independence, beyond formal compliance.
Relevant for
- Companies are subject to an external audit for the first time
- Companies considering a change of auditor
- Companies seeking to enhance audit quality and transparency
- Management and boards focused on investor confidence
Why Forvis Mazars in Korea
Forvis Mazars in Korea provides high-quality audit services tailored to each client’s size and industry, supported by a global network and extensive experience.
- Expertise in domestic and international accounting standards
- Strong commitment to independence and professional ethics
- Efficient audits are enabled by clear and effective communication
The appointment of an external auditor is more than a legal requirement. Forvis Mazars in Korea is a trusted partner in corporate credibility.
For more information regarding external audits, please see the following link: Audit in Korea
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