비영리법인의 투명성 제고와 회계의 역할 = Transparency Improvement of Non-Profit Organizations and the Role of Accounting

다국어 초록 (Multilingual Abstract)

This paper aims to provide useful guidances for the transparency improvement of non-profit organizations in terms of accounting practice. Even though large-scaled reforms related to accounting practice are performed after Asian financial crisis, there seems to be a long way to go for Korean accounting practice to reach the international standard. Specifically, accounting systems for non-profit organizations still have rooms to be improved. Despite the economic importance and social functions of non-profit organizations, discussion on transparency improvement of non-profit organizations has been mooted. Problems on the poor governance, corruption and financial mismanagement, and decreasing credibility are crucial issues. It shows that achieving transparency improvement is a essential factor for sustainable development of non-profit organizations. Given the recognition of the critical moment, this paper reviews current status of accounting principles, external audit, accounting information users and preparers, and accounting systems in non-profit organizations. Based on the review, this paper proposes five suggestions for the improvement of accounting transparency of non-profit organizations. More importantly, the role of control tower to supervise a variety of non-profit organizations is considered. This paper would like to propose the body from public sector as a control tower and customized accounting system for non-profit organizations.