It was found that there is a significant disagreement between external auditors and the company's internal audit committee.
According to the 'Corporate Governance Insights' published on the 16th by Korean Deloitte Group, among the corporations that received 'adverse' opinions from external auditors regarding internal accounting management systems in the 2024 fiscal year, 76 out of 86 companies (88.4%) received favorable opinions from the audit committee.
Among the 86 corporations that received adverse opinions regarding their internal accounting management systems, a total of 297 instances of improper internal controls were reported. The most frequent reason was 'inappropriate actions by top management,' accounting for 26.3% of the total. This was followed by scope limitations (19.5%), lack of accounting expertise (10.4%), deficiencies in disclosure controls (7.7%), and deficiencies in fund controls (7.1%).
In contrast, there were no cases of adverse opinions among large listed companies with total assets exceeding 2 trillion won. This was analyzed as a result of large corporations having dedicated organizations and specialized personnel to proactively respond to changes in the system.
Kim Han-seok, center head of the Corporate Governance Development Center at Korean Deloitte Group, said, "There is a need to conduct smooth communication and appropriate evaluation activities to resolve the discrepancies between the audit committee's and management's assessments and those of the external auditors."