Samjong KPMG Holds Accounting and Finance Seminar for Daejeon Financial Officers

Samjong KPMG announced on the 28th that it held a seminar on the 27th at the Ramada Daejeon Hotel for approximately 70 financial officers from major companies in the Daejeon area.

Samjong KPMG held a seminar on the 27th at the Ramada Daejeon Hotel for financial officers of major companies in the Daejeon area. Samjong KPMG

This seminar was organized to address the new changes in accounting and management environments faced by companies based in Daejeon, with Samjong KPMG experts presenting strategies and practical solutions for responding to these changes.

In the first session, Executive Director Lee Hakbeom explained the impact of the adoption of International Financial Reporting Standard 18 (IFRS 18) on the overall corporate financial reporting system and outlined preparation measures. Lee emphasized, "IFRS 18 is not merely a change in standards; it is a system that directly affects corporate management performance and the reliability of financial statements," adding, "Thorough preparation and strengthening of internal capabilities are essential to secure the trust of investors and stakeholders."

Department Head Bae Kiwoong provided an overview of the XBRL (eXtensible Business Reporting Language) disclosure system and introduced practical response strategies. Bae explained, "XBRL, as a globally standardized digital disclosure system, will greatly enhance the transparency and accessibility of corporate financial information," and added, "Companies must develop the ability to provide prompt and accurate information using this system to gain a competitive edge."

Executive Director Cho Yongho presented ways to automate and improve the efficiency of financial closing using artificial intelligence (AI). Cho stated, "AI-based financial closing can reduce errors while enhancing analytical capabilities," and continued, "This, in particular, will expand the strategic role of financial officers and support rapid decision-making within companies."

Executive Director Jung Seunghwan gave a presentation on "Fraud and Embezzlement Cases and the Future of Internal Controls," highlighting the need to strengthen internal controls in today's corporate environment and outlining approaches to building technology-based preventive control systems. Jung added, "Establishing a proactive governance system involving both management and audit organizations is key to enhancing corporate sustainability," and emphasized, "Internal controls should be viewed as an investment, not a cost, as they contribute to greater transparency and competitiveness."

Deputy CEO Kim Hakjoo explained the main points of the 2025 tax reform plan and its impact on companies. Kim advised, "This tax reform plan will bring significant changes to corporate tax risk management and tax-saving strategies," and recommended, "Companies should conduct pre-assessments and develop systematic response strategies."

Byun Younghoon, Head of Audit at Samjong KPMG, stated, "We plan to continue holding regular seminars for accounting and finance officers at major regional business hubs, providing practical support and tailored strategies so that companies can effectively respond to the changing accounting and management environment."