In July 2015, one of the biggest shipbuilding and marine engineering companies in Korea, Daewoo Shipbuilding & Marine Engineering Co., LTD (DSME), suddenly reported operating losses of 2.73 billion USD, resulting in chaos and frustration of investors and market participants. The announcement of this huge loss was the result of an accounting fraud conducted by the management team. Adam Kim, the former CEO of the company, concealed 4.5 billion dollars of losses by manipulating the accounting performances. This case exemplifies the results of the weak control environment. This paper examines the consequences of the weak control environment and ineffective monitoring activities of DSME.

中文翻译：

---

大宇造船海洋工程有限公司控制环境故障

2015年7月，韩国最大的造船和海洋工程公司之一的大宇造船和海洋工程有限公司（DSME）突然报告营业亏损27.3亿美元，引起投资者和市场参与者的混乱和沮丧。宣布这一巨额亏损是管理团队进行会计欺诈的结果。该公司前首席执行官亚当·金（Adam Kim）通过操纵会计业绩隐瞒了 45 亿美元的损失。该案例体现了弱控制环境的结果。本文研究了 DSME 控制环境薄弱和监测活动无效的后果。