HF Signs MOU with Korea Appraisal Board for Audit Cooperation

- MOU aims to strengthen internal audit capacity through audit methodology-sharing

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) announced on June 23, 2020, that it signed a memorandum of understanding (MOU) with Korea Appraisal Board (KAB) to improve their audit capacity and thereby create social value.

The MOU seeks to build a close collaborative partnership between the two institutions on their overall audit functions and thereby improve their internal audit quality. Under the MOU, HF and KAB will carry out a range of exchange activities. These include ▲ sharing audit information and personnel for advanced audit operations, ▲ building a system of joint trainings such as joint workshops, ▲ providing support and sharing information about their internal control strengths and weaknesses, and ▲sharing cases of improvements in internal audit quality for greater social value.

HF Audit Officer Lee Dong-Yoon said, “We hope that this MOU helps our two institutions reinforce our audit capabilities and fulfill our social responsibility as public institutions. HF will continue its efforts to ensure objectivity in its audit operations by conducting them from an outside perspective.”