Audit
Oscotec enhances management transparency and the reliability of its financial information through an independent audit body.
In accordance with applicable laws and its Articles of Incorporation, Oscotec has appointed a full-time statutory auditor. Independent of management, the auditor oversees the performance of directors’ duties, examines the Company’s operations and financial position, and reviews the adequacy of its internal control and financial reporting systems.
Audit Body Overview
Oscotec operates a full-time statutory auditor system to ensure independent oversight.
Audit Body Type
Full-time Statutory Auditor
Composition
One Full-time Statutory Auditor
Appointing Body
General Meeting of Shareholders
Key Responsibilities
Operational Audit · Financial Audit · Internal Control Audit
Key Responsibilities of the Full-time
Statutory Auditor
Oscotec’s full-time statutory auditor performs the following duties.
Audit of Accounting and
Operations
Audits the Company’s accounting and overall operations.
Right to Convene an Extraordinary General Meeting
May request a meeting by submitting the agenda and reasons in writing.
Subsidiary Reporting and
Inspection
May request reports from subsidiaries and inspect their operations and financial position.
Engagement of External Experts
May seek assistance from external experts at the Company’s expense when necessary.
Right to Convene Board Meetings
May request a Board meeting and directly convene it where permitted by law.
Preparation of Audit Records
Records audit procedures and results and signs or affixes a seal.
Full-time Statutory Auditor Profile
Name
Beom Lee
Full-time Statutory Auditor
Date of Appointment
March 30, 2026
(First appointed)
Term
March 30, 2026 – March 29, 2029
Key Experience
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B.A. in Accounting, Chonnam National University
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Former Head, Public Audit Operations Division, Board of Audit and Inspection
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Former Standing Auditor, Korea Sports Promotion Foundation
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Current Full-time Statutory Auditor, Oscotec Inc.
External Auditor
The external auditor independently audits the Company’s financial statements to enhance the reliability and transparency of its financial information.
Roles of the External Auditor
Oscotec’s external auditor performs the following responsibilities.
Financial Statement Audit
Audits whether separate and consolidated financial statements are fairly prepared under applicable accounting standards.
Audit Opinion
Expresses an audit opinion on the financial statements based on the audit results.
Assessment of Key Audit Risks
Assesses risks of material misstatement and performs appropriate audit procedures.
Internal Control over Financial
Reporting Audit
Audits the design and operating effectiveness of ICFR and expresses an opinion.
Communication with
the Audit Body
Shares the audit plan, key audit matters, audit results, and internal control deficiencies.
Response to Fraud and
Legal Violations
Notifies the audit body and responds when material fraud or legal violations are identified.
External Auditor
The external auditor independently audits the Company’s financial statements to enhance the reliability and transparency of financial information.