The Financial Supervisory Service (FSS) reported 76 violations of pre-audit financial statement submission requirements during the 2024 fiscal year, up 24 cases, or about 46%, from the previous year. Pre-audit financial statements are prepared by companies and submitted to the Financial Services Commission before an external audit to clarify management responsibility for financial reporting and support audit credibility. Late submissions accounted for 39 cases, partial omissions for 29 and non-submission for eight. Violations by listed companies increased to 33 from 17, while non-listed company cases rose to 43 from 35. Listed companies must disclose the reason for a missed submission through the FSS's DART electronic disclosure system by the following day. Of the 33 listed companies with violations, 29 failed to make that disclosure and were required to submit compliance memorandums. The FSS designated auditors for nine companies, applying designation periods of three years to one company, two years to one and one year to seven. The remaining cases resulted in 29 warnings and 38 cautions. The regulator said many violations reflected employees' unfamiliarity with the rules or misunderstandings of the facts, and reminded companies to submit complete financial statements, including footnotes and consolidated statements for controlling companies, within the required deadlines.