Who Needs an External Audit in Korea?
Under the Act on External Audit of Stock Companies, companies meeting any of the following criteria are subject to mandatory external audit.
₩5B+
Total Assets
₩5B+
Annual Revenue
50+
Employees
₩7B+
Total Liabilities
Many foreign subsidiaries exceed these thresholds sooner than expected. Early engagement with a qualified audit firm ensures your financial statements are prepared correctly from the outset.
Our Audit & Accounting Services
We offer a full range of audit and accounting services designed to keep your Korean entity compliant, transparent, and investor-ready.
External Audit
Statutory external audits in full compliance with Korean Auditing Standards (KAS) and International Standards on Auditing (ISA). We work closely with your finance team to minimize disruption.
Internal Accounting Review
We help establish and review internal accounting management systems. A robust internal control framework reduces audit risk, prevents fraud, and ensures reliable financial reporting.
Financial Due Diligence
Whether acquiring a Korean company, entering a joint venture, or preparing for an investment round, our financial due diligence provides a clear picture of the target entity's true financial position.
Agreed-Upon Procedures
When you need an objective review of specific financial information — for a bank, regulator, or counterparty — our CPAs perform agreed-upon procedures and report factual findings.
Special Purpose Audit
Certain transactions require audits beyond the annual financial statement audit. We handle special purpose audits for liquidation, merger, capital increase/decrease, and regulatory filings.
Why Bricks Insight?
Licensed CPAs
Registered with the Korea Institute of Certified Public Accountants (KICPA)
Bilingual Team
Full service in English and Korean — no translation delays
Foreign-Invested Company Expertise
Deep experience with subsidiaries, branches, and liaison offices of multinational corporations
HQ Reporting Support
We help bridge Korean accounting standards with IFRS and US GAAP for seamless headquarters reporting
Insights for Foreign Businesses
Ready to get started?
Reach out and let us know how we can support your business in Korea.