한국형 내부통제제도에 관한 법적 연구

According to the COSO report, the internal control is defined as a process by board of directors, management and other personnel to provide reasonable assurance regarding the achievement of these three objects: “increase the effectiveness and efficiency of operations”, “ensure the reliability of financial reporting” and “compliance with applicable laws and regulations” and for the internal control to work effectively, these five components should function organically as follows. 1. Control environment 2. Risk assessment 3. Control Activities 4. Information and communication 5. Monitoring. This internal control keep developing into the SOX law in 2002The today’s concept of the internal control started as the original role of conservation of assets and developed to a concept that functions correlated with the areas as follow: Management accounting area including the risk management as a management strategy, financial accounting area by being a part of financial information announcement, and the audit area for assuring the social adequacy of financial numbers. Also, there are some countries including Japan as well as the US which have built and operated regulations related to the internal control. And there’s recognition of the necessity of building and operating the internal control system for “the companies to prevent the corruption”, “Increase the effectiveness and efficiency of operations” and “ensure the reliability of financial reporting”. Like many other countries including the US, Korea went through not a few corporation corruption cases, which had big impacts on the nation’s economy. Thus, considering the business environment in Korea where the risk management and compliance are not strong, the introduction of an internal control system is required for general companies. And these should be considered when it comes to the institutionalization. To be concrete, It needs Opinion of CEO’s, Improvement of internal audit system and compliance officer system, Considering the business environment of Korea