Housing Finance Corporation "Audits Also Non-Face-to-Face? Conducted via Contactless Methods"

Leading the Digital New Deal Era in Step with Rapidly Changing Society

[Asia Economy Reporter Park Sun-mi] Korea Housing Finance Corporation (HF) announced on the 16th that it has established a dedicated space called ‘CAB’ for non-face-to-face and contactless audits and is conducting video audits.

It explained that this is part of proactively implementing social distancing measures due to the novel coronavirus disease (COVID-19) and the Korean New Deal policy led by the government. ‘CAB’ refers to a permanent audit space created to enable non-face-to-face and contactless audits using the existing video conferencing system.

HF Corporation is currently conducting three on-site audits for branches and headquarters through video audits, and each audit team is proceeding by verifying audit materials with local staff via CAB based on audit points derived from data.

The corporation explained that conducting audits in this way minimizes the time required for audits, allowing employees to focus on customer-facing tasks, and also reduces business trips caused by face-to-face audits.

Lee Dong-yoon, Standing Auditor of the Housing Finance Corporation, said, “As a result of seeking ways to improve on-site audit methods in preparation for the post-COVID-19 era, we established and are operating CAB,” adding, “We will gradually expand the application scope of the video audit system and strive to establish a non-face-to-face and contactless culture in most audit tasks to lead the digital New Deal era.”

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