ACT ON PUBLIC SECTOR AUDITS

CHAPTER I GENERAL PROVISIONS

Article 1(Purpose) #

The purpose of this Act is to contribute to enhancing the internal control system of central administrative agencies, local governments, and public institutions and to securing appropriateness, fairness, and accountability to the public of its operation by prescribing fundamental matters concerning the composition, operation, etc. of internal audit bodies of central administrative agencies, local governments, and public institutions and matters necessary for establishing an efficient audit system.

Article 2(Definitions) #

The terms used in this Act are defined as follows:

1. "Internal audit" means where the head of an audit body within a central administrative agency, local government or public institution investigates, checks, analyzes, and verifies all the business affairs, activities, etc. of an institution with which he or she is affiliated (including the institution he or she is affiliated with and subordinate organizations thereof) and persons belonging to such institution, and processes the findings thereof;

2. "Central administrative agency" means a Ministry, Service, Administration, the Board of Audit and Inspection, the National Human Rights Commission, the Anti-Corruption and Civil Rights Commission, the Fair Trade Commission, the Financial Services Commission, the Korea Communications Commission under Article 2 of the Government Organization Act and other entities prescribed by Presidential Decree;

3. "Local government" means the Special Metropolitan City, a Metropolitan City, a Do (excluding Jeju Special Self-Governing Province; hereinafter the same shall apply), a Si, a Gun, an autonomous Gu, and the Office of Education of the Special Metropolitan City, a Metropolitan City, and a Do;

4. "Public institution" means an entity or organization prescribed by Presidential Decree, as designated under Article 4 of the Act on the Management of Public Institutions (excluding non-classified public institutions under Article 5 (4) of that Act, the prescribed number of employees of which is fewer than 100) and as subject to audit by the Board of Audit and Inspection under Articles 22 (1) and 23 of the Board of Audit and Inspection Act;

5. "Internal audit body" means an institution or department established within a central administrative agency, a local government, or a public institution to conduct internal audits;

ACT ON PUBLIC SECTOR AUDITS

Article 1(Purpose) #

Article 2(Definitions) #

Article 3(Scope of application) #

Article 4(Relationship to other statutes or regulations) #

Article 5(Establishment of internal audit bodies) #

Article 6(Operation of collegial audit bodies) #

Article 7(Guarantee of independence of heads of audit bodies) #

Article 8(Appointment of heads of audit bodies) #

Article 9(Term of office of heads of audit bodies) #

Article 10(Guarantee of status of heads of audit bodies) #

Article 11(Qualifications for heads of audit bodies) #

Article 12(Duties of heads of audit bodies) #

Article 13(Prohibition of concurrent holding of office) #

Article 14(Job grade of heads of audit bodies) #

Article 15(Grounds for disqualification) #

Article 16(Appointment of auditor) #

Article 17(Grounds for disqualification) #

Article 18(Preferential treatment to auditors) #

Article 19(Formulation and implementation of internal audit plan) #

Article 20(Request for submission of data) #

Article 21(Field audit) #

Article 22(Preemptive audit) #

Article 23(Notification of audit findings and processing thereof) #

Article 23-2(Immunity in proactive administration) #

Article 24(Suspension of prescription of disciplinary action or reprimand) #

Article 25(Request for reconsideration) #

Article 26(Disclosure of audit findings) #

Article 27(Participation by external experts) #

Article 28(Compilation of budget necessary for audit) #

Article 29(Duty of confidentiality) #

Article 30(Cooperation among internal audit bodies) #

Article 31(Establishment of audit coordination council) #

Article 32(Comprehensive plans for improvement of audit) #

Article 33(Prohibition of overlapping audits) #

Article 34(Consultation on audit plans) #

Article 35(Vicarious execution of audit by the Board of Audit and Inspection) #

Article 36(Audit information system) #

Article 37(Audit standards) #

Article 38(The Board of Audit and Inspection's support for internal audit) #

Article 39(Review of internal audit) #

Article 40(Penalty provisions) #

Article 41(Administrative fines) #