According to Article 8 of the Act on External Audit of Stock Companies, etc. (External Audit Act) in Korea, listed companies must operate an ICFR management system, and if they do not comply with the provisions of the law, they may be subject to fines and other penalties.

If there is a change in Person-in-Charge due to transfers within or across the team, please contact Accounting Policy Team for modification in system.

If it is difficult to update evidence since the control activity has not yet been performed, please select the most recent evidence that occurred last year and update evidence.

Sample size is decided considering the risk of control and population size in accordance with ICFR Best Practice Guideline. It is not possible to change the sample size.

The reason of rejection can be found from "Rejection Opinion" in ICFR system. If there is additional questions, please contact HMC Accounting Policy Team.

Examples of appropriate evidence can be found from 'Best Practice' tab. Refer to prior year or evaluation example to prepare for the evidence. If there are errors or further documents needed, please contact Accounting Policy Team as soon as possible for more guidance.