Housing Finance Corporation Signs Audit Work Exchange Agreement with Korea Appraisal Board

Strengthening Internal Audit Capabilities through Sharing Audit Techniques

Lee Dong-yoon, Standing Auditor of the Korea Housing Finance Corporation (left), and Lee Sung-hoon, Standing Auditor of the Korea Appraisal Board, are posing for a commemorative photo after signing the agreement.

[Asia Economy Reporter Ki Ha-young] Korea Housing Finance Corporation (HF) announced on the 23rd that it has signed a 'Business Agreement for Strengthening Audit Capabilities and Realizing Social Value' with Korea Appraisal Board (KAB).

This agreement aims to establish an organic cooperation system between Korea Appraisal Board and HF for overall audit work to improve the quality of internal audits. Going forward, the two organizations will engage in various exchange activities, including ▲exchange of audit information and professional personnel to enhance audit expertise ▲establishment of a learning activity system such as joint workshops ▲mutual support and information exchange on vulnerable and excellent areas of internal control ▲sharing cases of improving internal audit quality to realize social value.

Lee Dong-yoon, Auditor of the Housing Finance Corporation, said, "Through this agreement, we hope that the two organizations will strengthen their internal audit capabilities and serve as an opportunity to fulfill the social responsibility of public institutions," adding, "We will continuously strive to perform audit work from the perspective of other organizations and secure objectivity in our work accordingly."

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