Financial Supervisory Service, 2024 Accounting Firms and Audit Teams Accounting Issues Briefing Session
On the 20th, the Financial Supervisory Service announced on the 4th that it will hold the 2024 Accounting Firm and Audit Team Accounting Issues Briefing Session at its headquarters in Yeouido, Seoul, together with the Korean Institute of Certified Public Accountants.
The Financial Supervisory Service plans to explain this year's review and audit results, actions taken, and implications, as well as provide guidance on key supervisory directions.
It will cover four major accounting issues for business report inspections: revenue recognition, valuation of non-marketable assets, related party transactions, and accounting treatment of virtual assets, along with related violation cases and precautions.
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Applications for participation can be submitted through the Korean Institute of Certified Public Accountants website.
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