Code of Ethics

  • Code of Ethics
  • The Code of Ethics in Korea adopted the international Code of Ethics published in 2005 by the International Ethics Standards Board for Accountants under the umbrella of the International Federation of Accountants.
  • The Ethics Standards Board of the KICPA issued an exposure draft and received comments to reflect requirements of the 2009 version of the international Code of Ethics.
  • Acts Concerning Ethics
  • The CPA Act stipulates that no CPAs and their immediate family members shall perform an audit on entities having financial interests or having an employment relationship, in addition to the provision that no auditors shall provide their audit clients certain non-audit services.
  • The Act on External Audit of Stock Companies requires the mandatory rotation of audit partners.