Korean Institute of Certified Public Accountants and KOSDAQ Association Sign Agreement to Strengthen Accounting Capabilities of KOSDAQ Listed Companies

[Photo by Korean Institute of Certified Public Accountants]

[Asia Economy Reporter Lee Jung-yoon] The Korean Institute of Certified Public Accountants (KICPA) announced on the 23rd that it has signed a Memorandum of Understanding (MOU) with the KOSDAQ Association.

This agreement was promoted to enhance the accounting capabilities of KOSDAQ-listed companies and to foster mutual growth through improvements in the accounting system. Accordingly, the two organizations will cooperate on supporting education to improve accounting-related work capabilities of KOSDAQ Association members, resolving difficulties related to external audit contracts for KOSDAQ Association members, and reviewing current issues related to accounting system policies for KOSDAQ-listed companies.

Kim Young-sik, President of KICPA, stated, "Accounting professionals will actively cooperate and contribute to increasing the accounting transparency and corporate value of KOSDAQ-listed companies."

Jang Kyung-ho, President of the KOSDAQ Association, said, "We will support KOSDAQ-listed companies in strengthening their accounting capabilities through close cooperation with KICPA."

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