Korea Technology Finance Corporation (KOTEC) said on the 22nd that it was selected as the top institution for the second consecutive year in the "2025 in-house audit activity review."
The in-house audit activity review, overseen by the Board of Audit and Inspection, is an evaluation system conducted under the Act on Public Audit for 720 institutions, including central administrative agencies, local governments, public corporations, and quasi-governmental institutions.
Based on 10 review items across three areas—support for organization-wide internal control, composition of in-house audit bodies and staffing levels, and performance of in-house audit activities—the system comprehensively evaluates each institution's overall audit activities and assigns grades from A to D.
Korea Technology Finance Corporation (KOTEC) received an A grade by establishing a preventive audit system, including: ▲ strengthening AI-based digital audit infrastructure ▲ expanding prevention-focused audit activities by identifying weak areas of internal control ▲ activating administration to support proactive and active work processing ▲ and operating strategic audits to strengthen organizational capabilities and enhance management efficiency.
Im Myeong-bae, auditor at Korea Technology Finance Corporation (KOTEC), said, "This is the result of our efforts to advance the digital audit system and strengthen internal controls being recognized," adding, "Korea Technology Finance Corporation (KOTEC) will continue to strengthen prevention-centered audit activities and ethical management to become an institution trusted by the public."