Laws › Commercial Act › Sub-Section 3 Auditors and Audit Committee

Commercial Act — Article 412 (Auditors' Duties and Power to Demand Reporting and to Inspect)

상법 제412조

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

(1) Auditors shall audit directors' performance of duties.

(2) Auditors may, at any time, request a director to report on the relevant business and may inspect the business affairs and financial conditions of a company.

(3) Auditors may seek assistance from professionals at the expense of the company. <Newly Inserted by Act No. 10600, Apr. 14, 2011>[This Article Wholly Amended by Act No. 3724, Apr. 10, 1984]

Korean original (law.go.kr) · Get articles as JSON via API

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