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Vol. 6 ('25.2Q)
The Frontline
HMC Internal Control over Financial Reporting Newsletter
We offer a quarterly newsletter to help you gain an understanding and insight into the ICFR(Internal Control over Financial Reporting).
We hope to provide you with the opportunity to gain familiarity with ICFR through various contents, and your active attention to ICFR is highly appreciated.
- Finance & Accounting Planning Team -
News
[Summary of the articles]
We have summarized articles related to fraud, embezzlement accidents, and ICFR trends that are of issue recently. Through this, we hope to raise the company's awareness on fraudulent accidents and ICFR.
(Please note that the full text of the article inevitably appears as it is in Korean.)
Opinion
[Expert Opinion]
Through the opinions of experts, we consider the direction of effective internal control improvement and derive solutions.
< K-SoX in the age of AI : Leading Changes from Formality to Practicality >
Yeohyun Yoon, Partner, Samil PwC
Despite its essential purpose, K-SoX is rapidly becoming formalized in the market, with many companies viewing it merely as a ‘response for External Auditors’. In many cases, the focus is more on the external elements such as documentation and formal approvals, rather than the fundamental purpose of effectiveness verification.
Cartoon
[ICFR cartoon]
Annual Operation
[Annual Operation and FAQ]
※ The ICFR annual schedule and FAQ are limited to Hyundai Motor Company only.
Please contact the ICFR managing team of your company for your ICFR annual schedule and other questions.
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