KEPCO KPS Introduces Online System for Pre-Meeting of Standing Auditor

Exterior view of the headquarters of KEPCO KPS located in the Gwangju-Jeonnam Innovation City. (Photo by KEPCO KPS)

[Asia Economy Reporter Moon Chaeseok] Korea Plant Service & Engineering (KPS), a power plant maintenance specialist company, announced on the 28th that it will implement the 'Online Audit, Priming' system, where the standing auditor directly presides over the pre-meeting for video audits.

This method involves the standing auditor leading the pre-meeting for the video audit. Compared to the existing method, it has the advantage of enhancing the audited department's understanding of the audit direction and key inspection items.

KPS had converted all comprehensive audits scheduled for the second half of the year to video audits in response to social distancing measures due to the COVID-19 pandemic.

The system was introduced to prevent potential issues such as reduced reliability of the internal audit organization and communication breakdowns with the field due to the expansion of video audits.

Moon Taeryong, standing auditor of KPS, said, "We will continuously improve the 'Online Audit' system, the first video audit system introduced by a public enterprise, and actively promote the establishment of non-face-to-face infrastructure to prepare for the post-COVID-19 era."

KPS plans to utilize external experts and specialized materials to enhance the audit quality of the video audit system that combines 'Priming' and 'Online Audit.' Through this, it will continuously secure audit expertise.

This content was produced with the assistance of AI translation services.