Wednesday, April 26, 2017

Chartered Accounting Society - Korean Bar Association, Law and Accounting Transparency Enhancement Business Agreement



[Korea Financial Newspaper Koh Young-hoon] The Korea Chartered Accounting Society announced on the 24th that it has signed a business agreement with the Korean Bar Association to enhance the transparency of the law, accounting and taxation fields, protect the interests of the people, .

The meeting was held at the Korean Bar Association's conference room, attended by executives of the two organizations, including Choi Jong-kyung, chairman of the accounting society, and Kim Hyun, the bar association's president.

The two organizations will jointly promote various exchanges such as regular academic and social gatherings, joint research on related laws and revisions, mutual laws, accounting and tax education, and expanding exchanges between small and medium-sized corporations. In particular, we plan to conduct joint research on ways to improve the transparency of corporate audits, and actively cooperate with legislative activities.

The Chartered Accounts Society is planning to make legislative measures to secure transparency of accounting by the legal professional under this business agreement, and to strive for legislation to ensure transparency and fairness of society as a whole.

Choi Jong-kyong, chairman of the accounting society, said, "By establishing effective measures to enhance transparency in accounting with legal professionals, we expect that the national economy will stand up and the rule of law will be completed in accounting."

Kim Hyeon, chairman of the Bar Association, said, "If lawyers who are experts in the political and social fields and accountants who are experts in the economic field cooperate with each other, they will benefit both society and the public as well as lawyers and accountants."



Daily Financial Economy News FNTIMES - Unauthorized Reproduction, Copying, Distribution Prohibited for Commercial Purposes
Copyright ⓒ Korea Financial Newspaper & FNTIMES.com