Board of Audit and Inspection Announces Second Half Audit Plan... Also Reviewing Whether to Audit Government Response to Itaewon Disaster

4th Quarter Disaster and Safety Management System Inspection Audit Conducted
11 Regular Institution Audits and 6 Specific Issue Audits Omitted

The Board of Audit and Inspection announced its audit plan for the second half of this year on the 13th. It plans to review in the fourth quarter whether to include the government’s response to the 'Itaewon tragedy' in this audit.

The Board of Audit and Inspection stated on the same day that it finalized the 2023 second half audit plan containing these details at the audit committee meeting held on the 30th of last month.

The second half audit plan includes 55 audit items covering high-risk priority areas and four strategic goals (sound fiscal management, economic vitality, public stability, and public service discipline). Seven central administrative agencies, including the National Police Agency, Ministry of Environment, Military Manpower Administration, and Naval Headquarters, are subject to regular audits in the second half. Among local governments, Gyeonggi Office of Education, Jeollanam-do, Gyeongsangnam-do, Daegu Metropolitan City, and Seoul’s Gwanak-gu and Jongno-gu will undergo regular audits in the second half. Public institutions such as the Small and Medium Business Corporation and Korea Airports Corporation are also included in this plan.

The Board of Audit and Inspection will conduct audits in the second half targeting the financial management system of the Employment Insurance Fund and other expansionary fiscal policies of the Moon Jae-in administration, as well as audits on the operation and management status of alternative investments by major pension funds, supply management of medical and quarantine supplies for infectious disease response, and audits on climate crisis adaptation and response IV (health sector).

The Board plans to conduct an audit on 'disaster and safety management system inspection' in the fourth quarter and will consider whether to include the government’s response during the Itaewon tragedy.

Audits on the 'operation and management status of construction public enterprises’ special purpose companies (SPCs)' and 'management status of Seoul and Gyeonggi local public enterprises' were newly added at this audit committee meeting.

[Image source=Yonhap News]

The Supreme Court, Ministry of Justice, Ministry of Government Legislation and Korea Legislation Research Institute, Ministry of Culture, Sports and Tourism, National Human Rights Commission, Ministry of Land, Infrastructure and Transport, National Tax Service, Ministry of Personnel Management, Korea Hydro & Nuclear Power, Korea Sports Council and Korea Paralympic Committee, Korea Ocean Business Corporation and Korea Institute of Marine Science and Technology Promotion were excluded from this year’s regular audit targets.

Among performance and specific issue audits, audits on 'establishment and operation status of maritime traffic safety management system,' 'implementation status of rural development projects such as smart farms,' 'operation status of buried cultural heritage protection system,' 'operation and security status of major information systems in public institutions,' 'licensing status of logistics and data centers,' and 'promotion status of overseas projects by social overhead capital (SOC) public enterprises' will not be conducted.

The Board of Audit and Inspection explained that all personnel from its bureaus are currently dispatched to the National Election Commission audit to collect data, which led to a reduction in the original audit plan.

This content was produced with the assistance of AI translation services.