Kia 2007 Annual Report Download - page 107

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107_
Kia Motors Annual Report 2007
Report on the Operations of Internal Accounting Control System
To the Board of Directors and Audit Committee of
Kia Motors Corporation:
I, as the Internal Accounting Control Officer (“IACO”) of Kia Motors Corporation (the “Company”), have assessed the status of the design and operations of the
Company’s Internal Accounting Control System (“IACS”) for the year ended December 31, 2007.
The Company’s management including IACO is responsible for the design and operations of its IACS. I, as the IACO, have assessed whether the IACS has been
effectively designed and is operating to prevent and detect any error or fraud which may cause any misstatement of the financial statements, for the purpose of
establishing the reliability of financial reporting and the preparation of financial statements for external purposes. I, as the IACO, applied the IACS Framework for the
assessment of design and operations of the IACS.
Based on the assessment of the operations of the IACS, the Company’s IACS has been effectively designed and is operating as of December 31, 2007, in all material
respects, in accordance with the IACS Framework issued by the Internal Accounting Control System Operation Committee.
Internal Accounting Control Officer
Ahn, Hee Bong
Chief Executive Officer
Cho, Nam Hong
January 25 , 2008