Kwonikwi "New Verification Procedures for Transportation Expenses During Business Trips at Public Institutions"
"LH and Others Do Not Require Receipts for Transportation and Accommodation Expenses During Business Trips"
[Asia Economy Reporter Moon Chaeseok] The Anti-Corruption and Civil Rights Commission recommended institutional improvements for 360 public institutions without travel-related regulations to establish procedures for settling transportation and accommodation expenses.
On the 11th, the Commission announced that it conducted a corruption impact assessment on travel-related regulations of 491 public institutions and recommended improvements to 360 institutions lacking travel expense settlement regulations.
The 360 public institutions without travel-related regulations did not require submission of receipts for transportation and accommodation expenses.
This made it difficult to verify actual business trips, which could be exploited to commit fraudulent acts such as false business trips or excessive receipt of travel expenses.
In particular, Korea Land and Housing Corporation (LH) was criticized during a recent National Assembly audit over allegations of fraudulent receipt of travel expenses by its officials.
Accordingly, the Commission recommended establishing procedures to verify actual business trips through supporting documents such as card receipts when traveling outside the workplace, including settling transportation and accommodation expenses.
Hot Picks Today
About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- "Envious of Korean Daily Life"...Foreign Tourists Line Up in Central Myeongdong from Early Morning [Reportage]
- "Anyone Who Visited the Room Salon, Come Forward"… Gangnam Police Station Launches Full Staff Investigation After New Scandal
- Did Samsung and SK hynix Rise Too Much?... Foreign Assets Grow Despite Selling [Weekend Money]
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.