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Article 18-1
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In supervising internal audit work, the chief internal auditor of a securities firm may not do any of the following:<br/>1. Disclose, deliver, or make known the content of the financial examination report, in whole or in any part, to personnel not related to the performance of occupational duties, without FSC approval.<br/>2. Issue an untrue internal audit report in connection with internal audit work.<br/>3. Fail to discover a serious deficiency in financial or business operations due to the securities firm's deployment of an obviously insufficient number of, or incompetent, internal auditors.<br/>4. Fail to follow the FSC's instructions in conducting audit work or providing relevant information.
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