Gyeongbuk Provincial Council Appoints Audit Committee Members for Fiscal Year 2021 Settlement Review

April 14 to May 3 Financial Audit

Gyeongbuk Provincial Council is holding an appointment ceremony for the settlement inspection committee members.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Gwi-yeol] The Gyeongbuk Provincial Council appointed the 2021 fiscal year settlement inspection committee members and held a certificate awarding ceremony at the 1st plenary session of the 329th extraordinary meeting on the 24th.

The appointment ceremony was held with the attendance of Chairman Ko Woo-hyun, Special Budget and Settlement Committee Chairman Choi Byung-jun, members of the council secretariat, and senior officials from the executive branch.

The settlement inspection committee consists of a total of 10 members: three provincial council members Park Yong-seon, Kim Dae-il, and Kwon Gwang-taek; two certified public accountants with experience and expertise in finance and accounting; two tax accountants; and three former officials from Gyeongbuk Province and the Office of Education. Park Yong-seon was elected as the representative committee member, and Kwon Gwang-taek as the secretary.

Park Yong-seon, who serves as the representative committee member, said, “Through the 2021 fiscal year revenue and expenditure settlement inspection of Gyeongbuk Province and the Gyeongbuk Office of Education, we will thoroughly examine the appropriateness and efficiency of financial execution to ensure trustworthy provincial administration and educational administration.”

The settlement inspection committee members will conduct the inspection for 20 days from April 14 to May 3. They will focus on the purposefulness and efficiency of financial management, legality, and budget waste, and propose improvement directions for any issues identified. Additionally, they plan to submit a settlement inspection opinion report to the governor and the superintendent of education so that the results can be reflected in future budget formulation and execution.

Ko Woo-hyun, chairman of the Gyeongbuk Provincial Council, urged the settlement inspection committee members, “As this is the last settlement inspection conducted by the 11th Provincial Council, please provide policy alternatives through a thorough review of overall financial management.”

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