Samjong KPMG Successfully Holds 12th AAP, Presents Key Action Plans for Audit Committees

Samjong KPMG announced on the 26th that it held the "12th AAP (Advanced Auditor Program), Introductory Training for Newly Appointed Auditors and Audit Committee Members" at the JW Marriott Hotel Seoul on the 23rd.

The Samjong KPMG Audit Committee Institute (ACI) is a specialized organization established in 2015, the first of its kind in the accounting industry, to support auditors and audit committees. This year marks its 10th anniversary. Samjong KPMG ACI operates the "AAP" program annually to help auditors and audit committee members establish their proper roles and strengthen their practical capabilities, providing training not only on legal and regulatory matters but also on practical guidelines and real-life case studies.

This year’s training was based on the "Audit Committee Handbook," which reflects the latest legal and regulatory changes, and consisted of four sessions in total.

Samjong KPMG held the 12th AAP (Advanced Auditor Program) on the 23rd for newly appointed auditors and audit committee members of listed companies. Samjong KPMG

In the first session, Ahn Soo-hyun, Dean of the Law School at Hankuk University of Foreign Studies, explained the legal responsibilities and roles of auditors and audit committees, focusing on major court cases, and introduced the key elements of the audit committee system. In the second session, Shim Jung-hoon, Deputy Leader of Samjong KPMG ACI, discussed the roles of auditors and audit committees in establishing sound corporate governance.

In the third session, Kim Min-kyu, Leader of Samjong KPMG ACI, shared key action plans for audit committees, including supervision of financial reporting, external audits, internal audits, ESG (environmental, social, and governance), and risk management. In the final session, Kim Si-woo, Executive Director at Samjong KPMG, presented on considerations for auditors and audit committees when conducting accounting oversight, such as supervision of internal accounting control systems, communication with external auditors, and key audit matters (KAM).

Kim Min-kyu, Leader of Samjong KPMG ACI, stated, "As the roles and responsibilities required of audit committees are expanding significantly, it is more important than ever for newly appointed auditors and audit committee members to fully understand the legal and regulatory environment and to develop practical capabilities. Going forward, Samjong KPMG ACI will continue to support the strengthening of independence and expertise of auditors and audit committees through the AAP (Advanced Auditor Program) training."

Meanwhile, participants in this training received a certificate of completion, which can be included in business reports as part of the required training record for auditors and audit committee members, in accordance with corporate disclosure form preparation standards.

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