Sahakyeongeum Wins Grand Prize at the 2020 Korea Public Institution Auditors Conference

[Asia Economy Reporter Park So-yeon] The Private School Teachers' Pension Service announced on the 29th that Bae Oe-sook, Standing Auditor, received the Best Auditor Award, and Shin Won-kyung, Manager of the Audit Office, received the Grand Prize, the highest award in the Outstanding Auditor category, at the '2020 Korea Public Institution Auditors Conference' hosted by the Korea Public Institution Audit Association.

The Korea Public Institution Auditors Conference is an event organized by the Korea Public Institution Audit Association that evaluates public institutions in four areas: internal audit, public service discipline and integrity ethics, proactive administration exemption and pre-consulting audit, and social value enhancement, selecting and awarding outstanding institutions and auditors.

The Private School Teachers' Pension Service fostered a culture of proactive administration by strengthening prevention-centered audits across the system, divided into 'spread' and 'support' areas of proactive administration in line with government policy trends. By reinforcing the preemptive audit system, it achieved first place among public institutions in pre-consulting audit performance and generated approximately 20.8 billion KRW in financial effects. Additionally, proactive administration exemptions, which had been sluggish, recorded a performance more than 6.6 times higher in the past year compared to the last three years.

Furthermore, it was evaluated to have contributed to enhancing audit functions through the establishment of a 'Contingency Plan' for audit work in response to COVID-19 and the construction of a 'non-face-to-face audit system (Smart Audit Station)'.

Recognizing these achievements, it received the Outstanding Auditor Grand Prize and the Best Auditor Award in the 2020 Work Merit Award category with high scores in all four areas.

Bae Oe-sook, Standing Auditor of the Private School Teachers' Pension Service, said, "As the head of the Private School Teachers' Pension audit, I am pleased that the achievements made through establishing an internal audit culture and actively performing audit tasks have been recognized. We will continue to enhance the independence, expertise, and effectiveness of our internal audit activities to become a trusted public institution and strive for the development and qualitative improvement of the internal audit system in public institutions."

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