Samil PwC Holds Strategy Seminar to Strengthen Internal Controls

Trend of Strengthened Regulation with Connected Internal Accounting Control System
Three Sessions Including 'Evolution Direction of Internal Control'
Q&A Time for Attendees Provided, Expecting In-depth Discussions

Samil PwC announced on the 3rd that it will hold the "Internal Control Future Strategy Seminar" on the theme of "Internal Control Value-Up Measures" at 2 p.m. on the 20th at Amore Hall on the 2nd floor of its headquarters in Yongsan-gu, Seoul. Seminar registration can be made on the Samil PwC website.

The "Consolidated Internal Accounting Management System" has been enforced since last year for listed companies with assets exceeding 2 trillion won, and related regulations are also being strengthened. This reflects the increasing importance of internal control in the business environment. Marking its 5th year, this seminar will feature Samil PwC’s internal control experts presenting the direction internal control should take for companies.

In the first session, Partner Seongjae Lim will give a lecture on the topic "Evolution Direction of Internal Control," followed by Partner Seongwoo Choi presenting on "Internal Accounting Management System Compliance Trends," and Partner Geunyeong Jeong discussing "Issues and Lessons from the First Year of Consolidated Internal Accounting Management System Audits." In the second session, Partner Hyungmin Lee will present on "Sustainability Reporting and Internal Control," and Partner Yeo-hyun Yoon will speak on "Internal Control Value-Up ? Data Insights." After the presentations, a Q&A session will be held to answer attendees’ questions.

Partner Seongjae Lim, who planned the seminar, stated, “An effective internal control system should lead to voluntary compliance, consider the realities of the company, enhance corporate value, and promote sustainable management.” He added, “I hope this seminar will be an opportunity to review the issues and lessons from the first year of audits under the Consolidated Internal Accounting Management System and explore ways to value-up internal control systems going forward.”

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