Samjong KPMG Publishes Revised Edition of Audit Committee Handbook

[Asia Economy Reporter Ji-hwan Park] Samjong KPMG announced on the 14th that it has published a revised edition of the "Audit Committee Handbook," which includes the legal and institutional aspects as well as operational and activity plans of audit committees.

Samjong KPMG first published the Audit Committee Handbook in 2015, deeply covering theory and practice with the aim of enhancing accounting transparency and advancing corporate governance in the industry.

Han Eun-seop, Head of the Audit Division, emphasized, "This revised edition improves readers' understanding by providing practical guidelines for auditors and audit committee members to perform substantive roles in securing domestic accounting transparency, as well as a compilation of relevant laws and regulations. It also includes comparative studies on each topic, best practice cases from exemplary companies, Q&A, and statistical data related to audit bodies."

The Audit Committee Handbook is composed of four chapters: △ Corporate Governance △ Audit Committee System △ Audit Committee Operation △ Audit Committee Activity Plans.

Kim Yu-kyung, Leader of the Samjong KPMG Audit Committee Support Center (ACI), stated, "This revised edition reflects the enhanced roles and responsibilities of audit committees in response to changes in the legal and institutional environment. In particular, based on meaningful statistics derived from data on over 2,000 listed companies built by Samjong KPMG ACI, it can present directions for the operation and activity plans of audit committees."

This publication was reviewed by the advisory professors of Samjong KPMG ACI, including Man-woo Lee, Professor Emeritus at Korea University Business School, Young-soon Jeon, Professor at Chung-Ang University Business Administration Department, and Jae-yong Song, Professor at Seoul National University Business School. It is provided free of charge not only to audit committee members, auditors, and outside directors of major domestic companies but also to those who have completed the audit committee course on Samjong KPMG's online education platform, "Samjong KPMG Academy."

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