JB Financial Strengthens Internal Controls with Establishment of Audit Headquarters
[Asia Economy Reporter Kim Hyo-jin] JB Financial Group announced on the 20th that it has established an Audit Headquarters to strengthen internal controls and newly appointed an executive-level official as the head of the Audit Headquarters. The department name under the Audit Headquarters has been changed from the previous 'Inspection Department' to 'Audit Department.'
The Audit Headquarters plans to enhance internal transparency within JB Financial Group and take charge of overall coordination of internal control operations for its subsidiaries. To this end, it will expand cooperation with the internal control department and introduce Reg-Tech based audit techniques.
The new head of the Audit Headquarters is Song Hyun, former standing auditor of Gwangju Bank.
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A JB Financial Group official stated, "With the establishment of the Audit Headquarters, we plan to firmly establish the group's transparent management system by strengthening preventive functions in advance."
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