민간 회계기준제정기구의 독립성에 대한 평가와 발전 방안

The purpose of this research is to review KAI/KASB's six years of operation, to evaluate its current level of independence, and finally, to suggest future development plans for KAI/KASB. To achieve the research purposes, the legal status as a private sector standards-setting body is examined and the independence of KAI/KASB is evaluated. The evaluation of independence is performed on four aspects: funding, operations of KASB including board member appointment procedures, standards setting processes, and competency of the research organization. For this research, interviews and surveys using a structured questionnaire were conducted. In addition, cases of private accounting standards setting bodies in other nations, particularly FASB, were compared. According to the research, the current legal status of KAI/KASB guarantees independence in appearance but in substance, there is a potential risk of infringement of independence in operating and administrating KAI due to the regulatory requirements. In terms of budget, it is very uncertain that KAI/KASB will obtain enough funds for daily operations under the current system. Thus, to secure financial independence of KAI/KASB, a new system which authorizes KAI to receive funds through a mandated fee from public companies is urgently called for. Regarding the appointment of the chairman of KASB and its members, it is suggested that the influences of the oversight body (Financial Supervisory Service) be excluded from the selection process. To ensure the propriety and proficiency of KAI as a prominent accounting research institute, an adequate number of research staff should be maintained and trained under the long-term time frame. In summary, the most important tasks that should be undertaken in order to guarantee the iindependence of KAI/KASB are to secure enough and stable funds, and to allow autonomy in KAI/KASB operations.