As the international financial environment has rapidly changed in terms of globalization, diversification, deregulation and innovation, the necessity of the internationalization of the accounting service industry has increased.

The purpose of this report is to build a consensus on the necessity and means to internationalize the accounting service industry by reviewing the current status and by suggesting perspectives for its internationalization.

The rest of the paper is organized as follows. Section II assesses the current status of Korea's accounting industry. Section III discusses the liberalization of accounting service such as cross border, movement of consumption, commercial presence, movement of personnel, the analyses for UR requirement and its direction for the liberalization. Section IV then investigates the necessity, problem and questions for the internationalization of the accounting service.