Korean Institute of Certified Public Accountants Holds 70th Anniversary Ceremony on the 11th

The Korean Institute of Certified Public Accountants (KICPA) announced on the 13th that it held its 70th anniversary celebration on the 11th at the Grand Ballroom of the Grand InterContinental Seoul Parnas in Gangnam-gu, Seoul, with over 450 attendees including CPA members and guests.

Choi Un-yeol, President of the Korean Institute of Certified Public Accountants, is delivering a commemorative speech at the 70th anniversary ceremony of the institute. Photo by Korean Institute of Certified Public Accountants

At the ceremony, there were various 70th anniversary commemorative performances including the introduction of a documentary trailer on accounting history, a virtual reality (VR) metaverse performance, awards for distinguished contributors to accounting, and a congratulatory performance by the music club ‘CPA Band.’

Choi Un-yeol, President of the Korean Institute of Certified Public Accountants, said in his commemorative speech, “The role and responsibility of certified public accountants have expanded with the enactment of the ‘External Audit Act’ and have been further strengthened by the ‘New External Audit Act,’ known as an accounting reform. Moving forward, we will actively promote the enactment of the Basic Accounting Act, support the government’s establishment of certification systems necessary for mandatory sustainability (ESG) disclosures, and foster ESG certification experts to prepare for the future and further develop the accounting industry.”

Meanwhile, Prime Minister Han Duck-soo and Park Chan-dae, floor leader of the Democratic Party of Korea, sent congratulatory messages via video at the ceremony. Also present were Lee Yoon-soo, standing member of the Securities and Futures Commission of the Financial Services Commission; Yoon Jung-sook, accounting expert committee member of the Financial Supervisory Service; Yoon Jeung-hyun, chairman of the Accounting Hall of Fame Committee; Seo Yoo-seok, president of the Korea Financial Investment Association; Oh Hwa-kyung, president of the Korea Federation of Savings Banks; and Jung Wan-gyu, president of the Korea Credit Finance Association.

Additionally, Jean Bouquot, president of the International Federation of Accountants (IFAC), former presidents of the Korean Institute of Certified Public Accountants including Seo Tae-sik, Kang Sung-won, Choi Jung-kyung, and Kim Young-sik, as well as representatives of accounting firms, attended the event.

This content was produced with the assistance of AI translation services.