내부정보를 이용한 공인회계사의 주식거래와 직업윤리

초록

This is a case that is based partly on an event occurred in Korea during the early 2010s. This case study delineates the risks and consequences of illegal transactions using inside information. Mr. Kim, a CPA, had invested in stocks of audit clients by utilizing inside information. long with his colleagues working in other audit teams within his audit firm and also with a friend working in another audit firm, he gathered pre-disclosed information on their audit clients. Based on the gathered information, he purchased stocks of the clients at large amounts, even engaging in short-selling for certain stocks, and was able to realize substantial profits. The financial regulators took notice of these unusual transactions and began a thorough investigation on the matter. Consequently, the accountants responsible for conducting the illegal activities were suspended their CPA licenses and sentenced in prison. Also, they had to surrender the realized profits from the transactions as penalty.

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