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The Board of Audit and Inspection of the Republic of Korea. Ⅰ. II. History and Organization. Audit Activities. Ⅲ. Ⅳ. International Cooperation. Reform of the National Audit System. Contents. History and Organization. History of the Board of Audit and Inspection. in 1963.
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The Board of Audit and Inspection of the Republic of Korea
Ⅰ II History and Organization Audit Activities Ⅲ Ⅳ International Cooperation Reform of the National Audit System Contents
Historyand Organization
History of the Board of Audit and Inspection in 1963 The Commission of Inspection The Board of Audit - 4 -
Article 97 of the Constitution Legal Status - 5 -
Improve Public Services Settlement of the accounts of the State Report its findings to the President and the National Assembly Examination of the works of government agencies and the duties of their employees Audit of the accounts of the State, provincial governments and government-invested organizations Responsibilities Audit Inspection - 6 -
Organization Organization Chart Council of Commissioners Chairman Secretary General (SG) 1st Deputy SG 2nd Deputy SG Deputy SG for Inspection of Public Service Deputy SG for Planning & Mgt. Audit & Inspection Training Institute Audit & Inspection Research Institute 2 Bureaus & 2 Groups (12 Divisions) 3 Bureaus & 3 Group (22 Divisions) 4 Divisions 4 Bureaus & 1 Group (20 Divisions) - 7 -
Highest Decision-Making Body Council of Commissioners - 8 -
Audit/Inspection Operations Bureaus Secretariat • Financial Management and Economy Audit Bureau • Financial Markets and Funds Audit Bureau • Construction and Environmental Audit Bureau • Public Institutions Audit Bureau • Social Welfare Audit Bureau • Government Administration and Cultural Audit Bureau • Provincial and Local Governments Audit Bureau • Special Investigations Bureau • Audit Requests Investigation Bureau • Strategic Programs Audit Group • Education Audit Group • National Defense Audit Group • Provincial Construction Audit Group • Inspection Information Group • Public Internal Audit Support Group - 9 -
Supporting Offices Secretariat • Planning and Management Office - Planning & Management, Evaluation & Statistics, Performance Management & Institutional Improvement, and International Cooperation • Office of the Inspector General • Legal Affairs, Claims Review and Reexamination Office • Public Information Office • Audit Quality Management Office • Administration Support Office - 10 -
Audit and Inspection Training Institute Audit and Inspection Research Institute BAI’s Training and Research Institutes - 11 -
Total 1,074 Professionals in BAI Audit Staff 897 44 Doctoral Degree Holders Lawyers 35 CPAs 68 16 Professional Engineers 6 Tax Accountants Personnel Supporting Staff 177 - 12 -
Audit Activities - 13 -
Types of Audit Financial Audit Special Audit Performance Audit Management Audit Types of Audit - 14 -
Examination of Accounts Submitted by Auditees 약 400여개 Field Audit and Inspection Entities subject to BAI Audit About 1,000 Entities every year 64,375Entities - 15 -
Central Government Agencies 37% 14% Provincial /local Governments 8% Government-Supported Entities and Others Public Entities 41% Entities subject to BAI Audit Audit Universe - 16 -
Supporting Successful Government Operations and Increasing the Benefits to Citizens Goals of Audit Activities BAI helps government use taxpayer’s money in frugal and transparent manner. - 17 -
International Cooperation - 18 -
International Cooperation Served INTOSAIas its Chairman(2001~2004) - 19 -
International Cooperation Serving ASOSAIas its Secretary General (2009~ ) - 20 -
Reform of the National Audit System - 21 -
Presidential Decree, and Internal Rules Constitution, BAI Act Internal audit lacks independence and professionalism. Independent, External Audit Non-independent, Part of Internal Controls Unclear role division between BAI audit and internal audit caused overlapping audit and other inefficiencies. Reform of the National Audit System Audit by BAI Internal Audit Legislative Basis Character Criticism - 22 -
Reform of the National Audit System-Public Sector Audit and Inspection Act of 2010 - Background and Purpose of the Enactment • The Act governs the whole public audit system, thereby strengthening the legal basis for internal audit in the public sector. • The Act, as general law for public sector internal audit, purports to promote the effectiveness of internal audit by strengthening independence and professionalism, and establishing audit standards and procedure. - 23 -
Reform of the National Audit System-Public Sector Audit and Inspection Act of 2010 - Background and Purpose of the Enactment • The Act also aims to make clear the role division between the BAI and internal audit units, and establish a cooperation structure between them, thereby enhancing the efficiency of internal audit in the public sector. An enhanced cooperation structure will work for the benefit of knowledge-sharing and coordination of audit planning. • The Act also stipulates that BAI provides capacity-building support for internal audit. - 24 -
Leading by example in bringing changes to the government, we will always do our best for the benefit of the people. - 25 -
Thank you! - 26 -