The Korean Institute of Certified Public Accountants said on the 28th that it co-hosted the 28th Korea-Japan annual meeting with the Japanese Institute of Certified Public Accountants (JICPA) on the 22nd at Kawana Hotel in Ito, Shizuoka Prefecture, Japan, and discussed key issues and cooperation plans in the accounting and audit fields of both countries.
The Korea-Japan annual meeting, a representative exchange event of the two countries' accounting societies, held its first meeting in 1991. Since then, taking turns visiting Korea and Japan, it has shared major systems and practical issues in accounting and auditing every year and has continued as a venue for mutual cooperation.
This year's meeting, attended by 15 officials including the leadership of both countries, discussed joint response plans to the rapidly changing accounting and audit environment.
In particular, the Japanese side showed great interest and asked questions about Korea's enactment of the Basic Act on fostering artificial intelligence development and building a trust-based foundation (AI Basic Act), implemented as the world's second after the European Union (EU), and the accounting industry's AI response.
Choi Un-yeol, president of The Korean Institute of Certified Public Accountants, said in a welcome address, "I find it meaningful that the Korea-Japan annual meeting is being held in beautiful Shizuoka, and I am grateful for the warm hospitality," adding, "I hope Korea's AI Basic Act response status and our experience operating the auditor designation system will provide practical help to the accounting industries of both countries."
JICPA President Minami Naruhito responded in his greeting, "I find it very meaningful that the Korea-Japan annual meeting has reached its 28th, and I hope this meeting will further solidify the foundation of cooperation between the accounting societies of the two countries."