Korea Housing Finance Corporation Receives 'Development Institution Award' for Internal Audit Activities

Excellent Audit Evaluation from Board of Audit and Inspection through Work Method Improvement and Proactive Administrative Support via Pre-Consulting
Standing Auditor Lee Dong-yoon: "Supporting Proactive Administration to Work with Conviction"

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Korea Housing Finance Corporation (HF) received the 'Development Institution Award' at the '2020 Internal Audit Activity Evaluation Awards' hosted by the Board of Audit and Inspection.

The award received by HF Corporation is given to institutions that have significantly improved their scores in the internal audit activity evaluation sector, with seven institutions receiving this award this year.

According to HF Corporation on the 9th, it received excellent evaluations in the areas of improving habitual work methods through special audits and routine audits, as well as supporting proactive administration through exemption from liability and prior consulting.

Lee Dong-yoon, Standing Auditor of the Housing Finance Corporation, said, “Taking this award as an opportunity, we will further strengthen support for proactive administration to create an environment where the corporation’s executives and employees can work with conviction.”

The auditor added, “We will focus on preventive audit activities to ensure that HF Corporation becomes a public institution more trusted by the people.”

Since the enactment of the 'Public Audit Act' in 2010, the Board of Audit and Inspection has annually evaluated internal audit activities of central administrative agencies, public institutions, and quasi-governmental agencies. This year, it evaluated last year's audit activities and performance of 637 institutions based on evaluation criteria such as 'audit infrastructure, audit activities, audit outcomes, and follow-up management.'

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