Transition Team Orders "Board of Audit and Inspection to Strengthen Audits on Public Institutions' Wasteful Management"

Cha Seung-hoon, Deputy Spokesperson of the Presidential Transition Committee, is giving a briefing on current issues at the 20th Presidential Transition Committee in Tongui-dong, Jongno-gu, Seoul on the 8th. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Ki-min Lee] The Presidential Transition Committee announced on the 15th that it has ordered the Board of Audit and Inspection to strengthen audits to prevent the reckless management of public institutions.

Cha Seung-hoon, deputy spokesperson of the Transition Committee, said at a briefing held at the committee's office in Tongui-dong, Seoul, on the morning of the same day, "The Transition Committee requested the Board of Audit and Inspection to contribute to the normalization of public institutions through systematic inspections of the management status of public institutions."

The Transition Committee received a business report from the Board of Audit and Inspection on the 25th of last month. At that time, the Board of Audit and Inspection reported that it would expand financial soundness inspections to resolve insolvency and reckless management of public institutions, and focus on inspecting chronic misconduct and internal controls within public institutions to take high-intensity measures, the Transition Committee explained.

Deputy spokesperson Cha added, "There was also a report about strengthening year-round, continuous audits on personnel recruitment corruption and power abuse."

However, some interpret the Transition Committee's order as a strategic move to legally replace the 'Albakgi' public institution personnel appointed during the Moon Jae-in administration.

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