Gwangju Urban Railway Corporation Achieves Nationwide Highest Grade in Board of Audit and Inspection Review

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangju Metropolitan Rapid Transit Corporation announced on the 8th that it was the only urban railway operating organization nationwide to receive the highest grade of 'A' in the '2021 Internal Audit Activity Evaluation' conducted by the Board of Audit and Inspection.

The internal audit activity evaluation is a system in which the Board of Audit and Inspection annually assesses the soundness of internal audit organizations' activities in central administrative agencies, local governments, and local public enterprises according to the 'Public Audit Act.' The evaluation is conducted across 16 indicators in 4 categories.

In this evaluation, the corporation was recognized for enhancing the reliability and transparency of its work through in-depth comprehensive internal audits, strengthening audit independence and expertise, and improving the execution of internal and external audit findings, thereby raising the level of internal audits through multifaceted efforts.

In particular, as non-face-to-face projects increased due to the COVID-19 situation, each department actively provided advice and support to handle tasks rationally and efficiently, fulfilling the role of a proactive preventive monitor to enhance the corporation's capabilities.

Song Jaehyung, the corporation’s standing auditor, said, “The acquisition of the Board of Audit and Inspection’s internal audit activity grade A is an objective recognition of our corporation’s internal audit capabilities. We will not be complacent and will strive harder to conduct internal audits that genuinely contribute to the growth and development of the corporation.”

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