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Board Of Audit And Inspection
The Board of Audit and Inspection (, BAI) is a national organization headquartered in Seoul, South Korea. Its primary function is the audit and inspection of the accounts of state and administrative bodies. Council of Commissioners of BAI The council of commissioners is composed of seven commissioners including the chair, the council makes decisions on the following matters: # Policies for audit and inspection and major audit and inspection plans # Confirmation of the final accounts of revenues and expenditures of the State # Disposition of audit and inspection results # Reconsideration # Reporting on the Annual Report on the Examination of the Final Accounts of the State # Review of Claims # The rendering of opinions on the enactment, revision, abolition, interpretation, and application of laws to accounting, audit and inspection # Enactment, revision, and abolition of the BAI's regulations # BAI's budget requests and the closing of its accounts # Exemption from audit and insp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jongno District
upright=1, Bosingak bell pavilion Jongno District () is one of the 25 districts of Seoul, South Korea. It is the historic center of Seoul that contains Gyeongbokgung, the main royal palace of the Joseon dynasty, and the Blue House, the former presidential residence. Jongno District has a high concentration of historical sites, many dating back to the Goryeo period. Places like Sungkyunkwan, Gyeongbokgung, Changdeokgung, and Dongdaemun are all located within the area of the district. Etymology In Korean, the name ' Jongno' means Bell Street. The Jongno District is named after the Jongno Road, which is a major trunk road running through the center of the district. The bell in question refers to Bosingak belfry, which sits at Jonggak intersection, on Jongno Road. Description Jongno has been the center of the city for 600 years since it was where the Joseon dynasty established its capital. The district is commonly referred to as the face and heart of Korea because of its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seoul
Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities by GDP, sixth largest metropolitan economy in 2022, trailing behind New York metropolitan area, New York, Greater Tokyo Area, Tokyo, Greater Los Angeles, Los Angeles, Paris metropolitan area, Paris, and London metropolitan area, London, and hosts more than half of South Korea's population. Although Seoul's population peaked at over 10 million, it has gradually decreased since 2014, standing at about 9.6 million residents as of 2024. Seoul is the seat of the Government of South Korea, South Korean government. Seoul's history traces back to 18 BC when it was founded by the people of Baekje, one of the Three Kingdoms of Korea. During the Joseon dynasty, Seoul was officially designated as the capital, surrounded by the Fortress Wall of Seoul. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of South Korea
The president of the Republic of Korea (), also known as the president of South Korea (), is the head of state and head of government of South Korea. The president directs the executive branch of the Government of South Korea, government and is the commander-in-chief of the Republic of Korea Armed Forces. The Constitution of South Korea and the amended Presidential Election Act of 1987 provide for election of the president by direct, secret ballot, ending sixteen years of indirect presidential elections under the preceding two authoritarian governments. The president is directly elected to a five-year term, with no possibility of re-election. If a presidential vacancy should occur, a successor must be elected within sixty days, during which time presidential duties are to be performed by the Prime Minister of South Korea, prime minister or other senior cabinet members in the order of priority as determined by law. The president is exempt from criminal liability (except for insur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and the Sea of Japan to the east. Like North Korea, South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has Demographics of South Korea, a population of about 52 million, of which half live in the Seoul Metropolitan Area, the List of largest cities, ninth most populous metropolitan area in the world; other major cities include Busan, Daegu, and Incheon. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Gojoseon, Its first kingdom was noted in Chinese records in the early seventh century BC. From the mid first century BC, various Polity, polities consolidated into the rival Three Kingdoms of Korea, kingdoms of Goguryeo, Baekje, and Sil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Audit
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon." Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, roll forward prior year working papers, and evaluate the propositions in their auditing report. Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other commonly audited areas include: secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may evaluate and improve the effectiveness of ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Account (accountancy)
In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a ''book of final entry'' or ledger. Examples of common financial accounts are sales, accounts receivable, mortgages, loans, PP&E, common stock, sales, services, wages and payroll. A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency. The system of recording, verifying, and reporting such information is called accounting. Practitioners of accounting are called accountants.John Downes, Jordon Elliot Goodman, Lucas Pacioli Dictionary of Finance and Investment Terms 1995 Barron Fourth Edition page 3 Classification of accounts Based on nature An account may be classified as real, personal or as a nominal account. Example: A sales ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Identity Theft
Identity theft, identity piracy or identity infringement occurs when someone uses another's personal identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes. The term ''identity theft'' was coined in 1964. Since that time, the definition of identity theft has been legally defined throughout both the UK and the United States, U.S. as the theft of personally identifiable information. Identity theft deliberately uses someone else's personally identifiable information, identity as a method to gain financial advantages or obtain credit and other benefits. The person whose identity has been stolen may suffer adverse consequences, especially if they are falsely held responsible for the perpetrator's actions. Personally identifiable information generally includes a person's name, date of birth, social security number, driver's license number, bank account or credit card numbers, Personal identification ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Risk
Financial risk is any of various types of risk associated with financing, including financial transactions that include company loans in risk of default. Often it is understood to include only downside risk, meaning the potential for financial loss and uncertainty about its extent. Modern portfolio theory initiated by Harry Markowitz in 1952 under his thesis titled "Portfolio Selection" is the discipline and study which pertains to managing market and financial risk. In modern portfolio theory, the variance (or standard deviation In statistics, the standard deviation is a measure of the amount of variation of the values of a variable about its Expected value, mean. A low standard Deviation (statistics), deviation indicates that the values tend to be close to the mean ( ...) of a portfolio is used as the definition of risk. Types According to Bender and Panz (2021), financial risks can be sorted into five different categories. In their study, they apply an algorith ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-Corruption And Civil Rights Commission
Anti-corruption (or anticorruption) comprises activities that oppose or inhibit corruption. Just as corruption takes many forms, anti-corruption efforts vary in scope and in strategy. A general distinction between preventive and reactive measures is sometimes drawn. In such framework, investigative authorities and their attempts to unveil corrupt practices would be considered reactive, while education on the negative impact of corruption, or firm-internal compliance programs are classified as the former. History Early history The code of Hammurabi (), the Edict of Horemheb (), and the Arthasastra (2nd century BC) are among the earliest written proofs of anti-corruption efforts. All of those early texts are condemning bribes in order to influence the decision by civil servants, especially in the judicial sector. During the time of the Roman Empire, corruption was also inhibited, such as by a decree issued by emperor Constantine I in 331. In ancient times, moral prin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corruption Investigation Office For High-ranking Officials
The Corruption Investigation Office for High-ranking Officials (), or CIO in short, is an independent agency of the South Korean government responsible for prosecuting crimes and investigating allegations involving "high-ranking officials" or their direct family members. The CIO is expected to police almost 6,500 "high-ranking officials" — incumbent and former — and their spouses and children. The Act specifies the posts as high-ranking government officials, including but not limited to parliamentarians, prosecutors, judges and even the President. However, its investigative authority is limited to cases related to certain crimes defined by the Act, leaving other sorts of allegations and crimes, such as sexual harassment, to the Supreme Prosecutors' Office for investigation and prosecution. History The Act on the establishment and operation of the CIO was passed by the National Assembly in December 2019 and entered into force in July 2020. However, due to the then oppositio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1963 Establishments In South Korea
Events January * January 1 – Bogle–Chandler case: Commonwealth Scientific and Industrial Research Organisation scientist Dr. Gilbert Bogle and Mrs. Margaret Chandler are found dead (presumed poisoned), in bushland near the Lane Cove River, Sydney, Australia. * January 2 – Vietnam War – Battle of Ap Bac: The Viet Cong win their first major victory. * January 9 – A January 1963 lunar eclipse, total penumbral lunar eclipse is visible in the Americas, Europe, Africa and Asia, and is the 56th lunar eclipse of Lunar Saros 114. Gamma has a value of −1.01282. It occurs on the night between Wednesday, January 9 and Thursday, January 10, 1963. * January 13 – 1963 Togolese coup d'état: A military coup in Togo results in the installation of coup leader Emmanuel Bodjollé as president. * January 17 – A last quarter moon occurs between the January 1963 lunar eclipse, penumbral lunar eclipse and the Solar eclipse of January 25, 1963, annular solar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Established In 1963
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent forms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
