The Korean Institute of Certified Public Accountants said on the 27th that it held an Outreach (stakeholder meeting) with Choi Jung-kyung, a director of the IFRS Foundation, at the Yeouido FKI Tower Conference Center on the 24th.
The event invited Choi Jung-kyung, who was appointed to the IFRS Foundation board in December last year and began the term in January this year. In particular, it served as a venue to share recent trends in international accounting and sustainability and key issues of the IFRS Foundation board, and to hear opinions from the field in Korea. Numerous stakeholders, including experts in IFRS and sustainability from accounting firms, attended.
IFRS Foundation Director Choi Jung-kyung gave a keynote presentation on the IFRS Foundation board's discussions and the latest trends in international accounting and sustainability disclosure standards.
Choi introduced the role of an IFRS Foundation director and the significance of this inauguration, and shared key issues of the IFRS Foundation board and recent update trends in the standards of the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB).
In addition, Choi reviewed Korea's status of sustainability disclosures and future tasks, and outlined the key currents of change in the international accounting and disclosure environment that Korean accounting professionals need to know.
Participants exchanged a wide range of views on domestic accounting and sustainability disclosure issues and Korea's position that should be reflected in future international discussions.
The Korean Institute of Certified Public Accountants President Choi Woon-yeol said, "With the appointment of Director Choi Jung-kyung, a valuable foothold has been created for Korea's voice to be conveyed more directly in discussions on setting international standards," adding, "We will continue to create channels for communication between Director Choi Jung-kyung and members so that opinions from the field in Korea can be reflected in discussions on the establishment and revision of international standards."