"Strengthening Cooperation in Audit Tasks"... Kamco and LX Join Hands
Kamco "Expecting Advancement of IT-Based Audit System"
[Asia Economy Reporter Minwoo Lee] Korea Asset Management Corporation (KAMCO) and Korea Land and Geospatial Informatix Corporation (LX) have joined hands to cooperate on audit tasks.
KAMCO announced on the 23rd that it signed a "Business Agreement to Strengthen Audit Expertise, Integrity, and Internal Control Functions" with LX at the LX headquarters in Jeonju, Jeonbuk.
Accordingly, both organizations plan to promote ▲expansion of cooperation channels related to audits ▲joint formation of audit personnel candidates to enhance integrity ▲audit collaboration to strengthen internal control functions.
In particular, KAMCO expects to advance its IT-based continuous monitoring system by sharing audit checklists by risk areas with LX, enabling proactive inspection and prevention of potential risks during task execution.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Lee In-su, KAMCO's Standing Auditor, said, "This audit business agreement will enable us to strengthen internal control and organizational transparency through cooperation for advancing IT-based continuous monitoring and joint inspections of vulnerable areas. We will strive to become a public institution trusted by the people based on inter-agency collaboration."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
