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@article{ART002179563},
author={Lee Jeong Mi},
title={The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence},
journal={Journal of The Korea Society of Computer and Information},
issn={1598-849X},
year={2016},
volume={21},
number={12},
pages={189-196}

TY - JOUR
AU - Lee Jeong Mi
TI - The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence
JO - Journal of The Korea Society of Computer and Information
PY - 2016
VL - 21
IS - 12
PB - The Korean Society Of Computer And Information
SP - 189
EP - 196
SN - 1598-849X
AB - In this paper, I propose monetary penalties imposed on firms sanctioned by the Financial Supervisory Service for fraudulent financial reporting in accounting and auditing enforcement release(FSS-sanctioned fraud firms) should be disclosed to the notes of financial statement of the firms. Disclosing to the notes of financial statement for FSS-sanctioned fraud firms is an effective way to inform all the related parties of the information which affects the value of the corporation. Even though monetary penalties can affect the value of the firms, however, this study suggests that monetary penalties imposed on the fraud firms have a question on the effectiveness of the sanctions. In addition, this study finds that the magnitude of the market reactions between the fraud firms imposed by monetary penalties and the fraud firms imposed by non-monetary penalties has no difference. Based on these results, the information of FSS-sanctioned fraud firms should be disclosed to the notes of financial statements to have the market react effectively.
KW - Sanctions;Audit Review;Fraud Firms;Market Reaction;Reputation Penalty
DO -
UR -
ER -

Lee Jeong Mi. (2016). The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence. Journal of The Korea Society of Computer and Information, 21(12), 189-196.

Lee Jeong Mi. 2016, "The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence", Journal of The Korea Society of Computer and Information, vol.21, no.12 pp.189-196.

Lee Jeong Mi "The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence" Journal of The Korea Society of Computer and Information 21.12 pp.189-196 (2016) : 189.

Lee Jeong Mi. The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence. 2016; 21(12), 189-196.

Lee Jeong Mi. "The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence" Journal of The Korea Society of Computer and Information 21, no.12 (2016) : 189-196.

Lee Jeong Mi. The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence. Journal of The Korea Society of Computer and Information, 21(12), 189-196.

Lee Jeong Mi. The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence. Journal of The Korea Society of Computer and Information. 2016; 21(12) 189-196.

Lee Jeong Mi. The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence. 2016; 21(12), 189-196.

Lee Jeong Mi. "The Effectiveness of the Sanctions for Corporate Crime: Audit Review Evidence" Journal of The Korea Society of Computer and Information 21, no.12 (2016) : 189-196.