-
Internal Accounting Control
-
Entity Level Control
-
Continuous Monitoring System
-
Structure of Internal Control System
-
Reporting procedure of Internal control system
-
Relationship between Continuous Monitoring System and Internal Control System
-
Internal Control Target
-
Operation on the Internal Control System
Internal Accounting Control
Poongsan has established and operated an internal accounting control system in order to enhance internal and external credibility and reliability of accounting information (including information on transactions that form the basis of accounting information) prepared by the company in accordance with Article 2-2 of the Act on External Audit of Stock Companies.
Entity Level Control
| Descriptions | Policy and Procedure | |
| Control Environment | An environment in which an organization can understand and participate in internal control as the foundation of individual morality, integrity, and business competence. |
|
| Risk Assessment | Identify and assess factors that impede the achievement of the organization's goals and provide criteria for effective internal control design |
|
| Control Activity | Provide confidence in meeting organizational goals by designing and operating effective control activities |
|
| Information and Communication | Gathering information related to internal and external business performance and establishing horizontal and vertical information communication system |
|
| Monitoring | Monitor effectiveness to ensure that operational internal controls are working properly |
|
Reporting procedure of Internal Control System
Operation on the Internal Control System
