상호저축은행의 회계에 관한 연구

Corporations must prepare and disclose the financial statements in order to ease information asymmetry. In 2011, some mutual savings banks exaggerated its management performance through accounting fraud. And external auditors(accounting firm, audit team) audited the mutual savings banks poorly. The results of poor management were passed on to stakeholder(depositors, subordinated bonds investors), leading loss of investment. In principle, mutual savings banks prepare financial statements in accordance with business accounting standards(K-IFRS, K-GAAP). However, in order to protect stakeholder, some accounts should be conservatively accounted for in accordance with laws and regulations. Merely, there are cases where accounting terms of business accounting standards(K-IFRS, K-GAAP) and laws(regulations) are not consistent, so it should be improved. Financial statements prepared by mutual savings banks must receive external audit by accounting firm(or audit team). And the financial statements would supervised by financial supervisory service in some cases. It seems like a good system of accounting audit. But considering the reality of accounting firm and financial supervisory authorities, I think that is not enough to prevent accounting fraud. Therefore, I think that it is important to improve the regulatory framework for accounting in order to prevent accounting fraud of mutual savings banks but above all strengthen accounting ethics of executive.