Jeonbuk Province Wins Excellence Award in Board of Audit and Inspection's Internal Audit Contest

Recognition for First Introduction of Performance Audit System and Pilot Implementation of Non-Face-to-Face Audits

[Jeonju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] Jeonbuk Province announced on the 6th that it won the "Excellence Award" at the "2021 Internal Audit Matters Contest" hosted by the Board of Audit and Inspection.

The "Internal Audit Matters Contest" is a competition held since 2018 by the Board of Audit and Inspection to share outstanding audit cases conducted by internal audit organizations nationwide, including central government agencies, local governments, and public enterprises, and to promote qualitative growth in audit activities. This year marks the 4th contest.

A total of 10 cases in the internal audit field are selected through a three-stage evaluation process (preliminary review, expert review, and final presentation review).

Jeonbuk Province submitted the case of the "Performance Audit of the (Foundation) ECO Convergence Textile Research Institute," which applied new audit techniques in the untact era conducted in 2020. After passing the first-stage preliminary review and the second-stage expert review, it was selected among the top 10 out of 667 institutions (highest score among metropolitan local governments), and was chosen as an excellent institution in the final evaluation.

In December last year, the province attempted a performance audit for the first time to improve institutional management rather than focusing on pointing out individual issues during the audit of the (Foundation) ECO Convergence Textile Research Institute. They aimed to derive measures to contribute to the development of the local textile industry. In addition, due to the third nationwide COVID-19 wave, the on-site audit plan for the institute was abruptly changed to a non-face-to-face audit, utilizing a video conferencing system to conduct the audit remotely, which received high praise.

Meanwhile, Jeonbuk Province was selected as the best institution for four consecutive years (2018?2021) among 17 metropolitan cities and provinces in the 2021 audit activity evaluation conducted by the Board of Audit and Inspection to strengthen internal audit capabilities. It has also stood out in audit capability evaluations by receiving commendations from the Board of Audit and Inspection for public officials who contributed to internal audit activities.

Jeonju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

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