Gangwon Land, Korea Housing & Urban Guarantee Corporation Join Hands to Boost AI Auditing Capabilities

Exchange audit cases and personnel; improve internal controls
Jointly develop AI- and big data-based auditing techniques

Gangwon Land and the Korea Housing & Urban Guarantee Corporation will work together to enhance their auditing capabilities using artificial intelligence (AI) and strengthen their internal control systems.

Gangwon Land's Audit Committee poses for a commemorative photo after signing an audit cooperation agreement with the Korea Housing & Urban Guarantee Corporation at the High1 Grand Hotel on the 27th. Photo courtesy of Gangwon Land.

Gangwon Land's Audit Committee said it signed an audit cooperation agreement with the Korea Housing & Urban Guarantee Corporation at the High1 Grand Hotel on October 27. About 20 auditors from the two organizations attended the signing ceremony, including Jang Gyeongryeol, standing audit committee member of Gangwon Land, and Lee Myeongwon, standing audit committee member of the Korea Housing & Urban Guarantee Corporation.

The two organizations agreed to cooperate in five areas: strengthening digital auditing capabilities, improving internal control systems, promoting support for proactive administration, exchanging and cooperating on audit personnel, and enhancing auditing expertise. They also plan to share work know-how and audit cases and hold joint workshops and training sessions.

In particular, they will establish a working-level council to support the AI transformation (AX) of their internal audit bodies. Through the council, they plan to identify AI- and big data-based auditing techniques and develop specific measures to prevent risks that may arise in the use of AI.

Jang Gyeongryeol, standing audit committee member of Gangwon Land, said, "By sharing the two organizations' core auditing capabilities and best practices through this agreement, we will contribute to advancing public institutions' internal control systems and strengthening the oversight and support functions of auditing to meet the needs of the AI transformation (AX) era."

This content was produced with the assistance of AI translation services.