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Audit Committee
Purpose of Audit Committee
The audit committee has been established within the board of directors under Articles 415-2 and 542-11 of the Commercial Act.
Audit Committee Composition
HYUNDAI WIA established the audit committee in accordance with Articles 542-11 and 542-12 of the Commercial Act. The committee currently consists of three independent directors, who were appointed among the other directors selected by the shareholders. Among the three directors, one director of the audit committee was appointed separately with the resolution of the shareholder’s meeting.
| Classification | Name | Appointment Date | Term | Result |
|---|---|---|---|---|
| Independent Director (Non-Standing) |
Eun-Ho Kim | March 2022 | 3 years | Committee Chairman, Separate Election |
| Dong-Yoel Lee | March 2023 | 3 years | ||
| Kyu-Jin Lee | March 2023 | 3 years | Appointment Date of Director 2022.03.23 |
Audit Committee Activities
- 2023
-
2023 Committees Date of Meeting Agenda Result Audit Committee 2023.01.31 Resolution - 1) Approval for internal performance audit plan in 2023
Approved Reported - 1) The 47th Financial Statement and Business Report
- 2) Operational Status of the Internal Accounting Control System for 2022
- 2023.02.21 Resolution - 1) Approval of Evaluation Results for the Internal Accounting Control System for 2022
Approved Reported - 1) Results of the 47th Annual Audit Report
- 2) 2023 Internal Accounting Management Policy Operation Plan
- 2023.04.25 Reported - 1) Business Results of 2023 1Q
- 2) Audit Plan of 2023
- 3) Results of the Audit in 2023 1Q
- 4) Results of the Internal Accounting Control System in 2023 1Q
- 5) 2023 1Q Performance of the Internal Audit
- 2023.07.25 Reported - 1) Business Results of 2023 2Q
- 2) Results of the Audit in 2023 2Q
- 3) Results of the Internal Accounting Control System in 2023 2Q
- 4) Results of the Internal Audit in 2023 2Q
- 2023.10.31 Reported - 1) Business Results of 2023, 3Q
- 2) Results of the Audit in 2023, 3Q
- 3) Results of the Internal Accounting Control System in 2023, 3Q
- 4) Results of the Internal Audit in 2023, 3Q
- 2023.11.13 Reported - 1) Appointment of an external auditor
-
- 2022
-
2022 Committees Date of Meeting Agenda Result Audit Committee 2022.01.28 Resolution - 1) Approval of revision of Internal Accounting Control Regulations
- 2) Approval for internal performance audit plan in 2022
Approved Reported - 1) The 46th Financial Statement and Business Report
- 2) Operational Status of the Internal Accounting Control System for 2021
- 2022.02.19 Resolution - 1) Approval of Evaluation Results for the Internal Accounting Control System for 2021
Approved Reported - 1) Results of the 46th Annual Audit Report
- 2) Internal Accounting Control System Operational Plans for 2022
- 2022.03.23 Resolution - 1) Appointment of the Chairman of the Audit Committee
Approved 2022.04.22 Reported - 1) Business Results of 2022 1Q
- 2) Audit Plan of 2022
- 3) Results of the Audit in 1Q
- 4) Operational Results of the Internal Accounting Control System - 2022, 1Q
- 5) 1Q Performance of the Internal Audit
- 2022.07.26 Reported - 1) Business Results of 2022 2Q
- 2) Audit Results - 2022, 2Q
- 3) Operating Performance of the Internal Accounting Control System - 2022, 2Q
- 4) Internal Audit Results - 2022, 2Q
- 5) Measures to Strengthening Transparency of Financial Management
- 2022.10.28 Reported - 1) Business Results of 2022 3Q
- 2) Audit Results - 2022, 3Q
- 3) Operating Performance of the Internal Accounting Control System - 2022, 3Q
- 4) Internal Audit Results - 2022, 3Q
-
- 2021
-
2021 Committees Date of Meeting Agenda Result Audit Committee 2021.01.29 Resolution - 1) Approval of internal audit of 2020 business report and plans for 2021
Approved Reported - 1) The 45th Financial Statement and Business Report
- 2) Operational Status of the Internal Accounting Control System for 2020
- 2021.02.19 Resolution - 1) Approval of Evaluation Results for the Internal Accounting Control System for 2020
Approved Reported - 1) Results of the 45th Annual Audit Report
- 2) Internal Accounting Control System Operational Plans for 2021
- 2021.04.23 Reported - 1) Business Results of 2021 1Q
- 2) Audit Plan of 2021
- 3) Results of the Audit in 1Q
- 4) Results of the Internal Accounting Control System in 1Q
- 5) 1Q Performance of the Internal Audit
- 2021.07.23 Reported - 1) Business Results of 2021 2Q
- 2) Results of the Audit in 2Q
- 3) Results of the Internal Accounting Control System in 2Q
- 4) 2Q Performance of the Internal Audit
- 2021.10.29 Reported - 1) Business Results of 2021 3Q
- 2) Results of the Audit in 3Q
- 3) Results of the Internal Accounting Control System in 3Q
- 4) 3Q Performance of the Internal Audit
-
- 2020
-
2020 Committees Date of Meeting Agenda Result Audit Committee 2020.01.29 Reported - 1) The 44th Financial Statement and Business Report
- 2) Operational Status of the Internal Accounting Control System
- 3) 4Q Performance of the Internal Audit
- 2020.02.28 Resolution - 1) Approval of Evaluation Results for the Internal Accounting Control System
Approved Reported - 1) Results of 2019 Final Audit
- 2) Internal Accounting Control System Operational Plans for 2020
- 3) 2020 Internal Audit Operation Plan
- 2020.04.24 Reported - 1) Business Results of 2020 1Q
- 2) Audit Plan of 2020
- 3) Results of the Audit in 1Q
- 4) Results of the Internal Accounting Management Policy Operation in 1Q
- 5) Selecting an Appraisal Firm of Internal Accounting Management Policy Operation
- 6) 1Q Performance of the Internal Audit
- 2020.07.24 Reported - 1) Business Results of 2020 2Q
- 2) Results of the Audit in 2Q
- 3) Results of the Internal Accounting Management Policy Operation in 2Q
- 4) 2Q Performance of the Internal Audit
- 2020.10.30 Resolution - 1) Enactment of independent auditor's appointment regulations
Approved Reported - 1) Business Results of 2020 3Q
- 2) Results of the Audit in 3Q
- 3) Results of the Internal Accounting Management Policy Operation in 3Q
- 4) 3Q Performance of the Internal Audit
- 2020.11.30 Conference - 1) Presentation of candidate proposals as external auditors
- 2020.12.03 Resolution - 1) Appointment of external auditor
Approved
- 2019
-
2019 Committees Date of Meeting Agenda Result Audit Committee 2019.01.25 Resolution - 1) Approval of Evaluation Results for the Internal Accounting Control System
- 2) Approval of revision of internal accounting management regulations
Approved 2019.02.19 Resolution - 1) Approval of Internal accounting management system evaluation result
Approved Reported - 1) 2018 final audit result
- 2019.04.26 Reported - 1) Financial Results for the 1st quarter of 2019
- 2) 2019's audit plan
- 3) Internal Accounting Control System Operational Plans and Performance of the Internal Accounting Control System - 1Q
- 4) Selected as an evaluation corporation for the internal accounting management system
- 5) Internal audit operation plan and 1st quarter results
- 2019.07.26 Reported - 1) Financial Results for the 2nd quarter of 2019
- 2) Internal accounting management system 2nd quarter results
- 3) 2nd quarter results of internal audit
- 4) 2nd quarter accounting audit result report
- 2019.10.25 Reported - 1) Financial Results for the 3rd quarter of 2019
- 2) 3rd quarter results of the internal accounting management system
- 3) Internal business audit 3rd quarter results
- 4) 3rd quarter accounting audit result report
-
- 2018
-
2018 Committees Date of Meeting Agenda Result Audit Committee 2018.01.26 Resolution - 1) Approval of the 42nd financial statements
- 2) Approval of Evaluation Results for the Internal Accounting Control System
Approved 2018.02.23 Resolution - 1) Appointment of independent auditor
Approved 2018.04.27 Reported - 1) Financial results for the first quarter of 2018
- 2) 2018 audit plan
- 2018.07.27 Reported - 1) Financial Results for the 2nd quarter of 2018
- 2) Discussion on the selection of core audit items
- 2018.10.26 Reported - 1) Financial Results for the 2nd quarter of 2018
- 2) Selection of core audit items
-
- 2017
-
2017 Committees Date of Meeting Agenda Result Audit Committee 2017.01.26 Resolution - 1) Approval of the 41st financial statements
- 2) Approval of Evaluation Results for the Internal Accounting Control System
Approved 2017.02.24 Resolution - 1) Appointment of independent auditor
Approved 2017.04.07 Resolution - 1) Appointment of the Chairman of the Audit Committee
- 2) Dismissal of independent auditor
- 3) Appointment of independent auditor
Approved 2017.04.27 Resolution - 1) Approval of financial statements for the first quarter of 2017
Approved 2017.07.27 Resolution - 1) Approval of financial statements for the second quarter of 2017
Approved 2017.10.27 Resolution - 1) Approval of financial statements for the third quarter of 2017
Approved
- 2016
-
2016 Committees Date of Meeting Agenda Result Audit Committee 2016.01.27 Resolution - 1) Approval of the 40th financial statement
- 2) Approval of Evaluation Results for the Internal Accounting Control System
Approved 2016.04.27 Resolution - 1) Approval of financial statements for the first quarter of 2016
Approved 2016.06.27 Resolution - 1) Discussion on selection of core audit items
Approved 2016.07.27 Resolution - 1) Approval of financial statements for the second quarter of 2016
Approved 2016.10.27 Resolution - 1) Approval of financial statements for the third quarter of 2016
Approved
- 2015
-
2015 Committees Date of Meeting Agenda Result Audit Committee 2015.01.23 Resolution - 1) Approval of the 39th financial statements
- 2) Approval of Evaluation Results for the Internal Accounting Control System
Approved 2015.04.24 Resolution - 1) Approval of financial statements for the first quarter of 2015
Approved 2015.07.24 Resolution - 1) Approval of financial statements for the second quarter of 2015
Approved 2015.10.23 Resolution - 1) Approval of financial statements for the third quarter of 2015
Approved
Independent auditor and Audit result
| Fiscal year | Corporation name | Audit result | Contract period |
|---|---|---|---|
| 2024 | Samil PricewaterhouseCoopers | - | April, 2024 ~ Mar, 2027 |
| 2023 | Ernst & Young Han Young | Unqualified Opinion | April, 2021 ~ Mar, 2024 |
| 2022 | Ernst & Young Han Young | Unqualified Opinion | |
| 2021 | Ernst & Young Han Young | Unqualified Opinion | |
| 2020 | Ernst & Young Han Young | Unqualified Opinion | April, 2018 ~ Mar, 2021 |
| 2019 | Ernst & Young Han Young | Unqualified Opinion | |
| 2018 | Ernst & Young Han Young | Unqualified Opinion | |
| 2017 | Ernst & Young Han Young | Unqualified Opinion | April, 2017 ~ Mar, 2018 |
| 2016 | Ahnjin deloitte LLC | Unqualified Opinion | April, 2014 ~ Mar, 2017 |
| 2015 | Ahnjin deloitte LLC | Unqualified Opinion |
※ Hanyoung Accounting Corporation is the external auditor for the business year 2024 ~ 2026.
