The Financial Supervisory Service of South Korea plans to focus on auditing virtual asset accounting this year

ChainCatcher news, the Financial Supervisory Service of Korea plans to focus on the appropriateness of virtual asset accounting practices this year, with key targets including companies issuing virtual assets, holding companies, and exchanges.

They will review accounting issues such as revenue recognition, non-circulating asset valuation, related party transactions, and virtual assets. The Financial Supervisory Service emphasizes the need to ensure that accounting practices for virtual assets are correct, and issuing companies must keep detailed records of relevant information. Target companies will be selected for focused reviews next year.