Korean Accounting Review

Chapter 1 General Principles

Article 1 (Objective)

The purpose of the “Korean Accounting Review” publishing guidelines (hereafter referred to as guidelines) is to stipulate the rules for manuscript review and publication of the “Korean Accounting Review”, a journal published by the Korean Accounting Association.

Article 2 (Bylaws)

(1) The matters unspecified in these guidelines concerning the editing process of submission, review, and publication of “Korean Accounting Review” shall be determined by the Editorial Board of the “Korean Accounting Review” (hereafter referred to as the Editorial Board), and a separate bylaw may be enacted.
(2) Matters undefined in these guidelines regarding research ethics related to the submission and issuance of the “Korean Accounting Review” shall follow the Research Ethics Guidelines defined by the Korean Accounting Association.

Chapter 2 The Editorial Board

Article 3 (Editorial Policy)

(1) The “Korean Accounting Review” is a journal for researchers to present accounting research (financial accounting, managerial accounting, tax accounting, auditing, accounting information system, etc.) and aims to be the most influential journal in the field of social science.
(2) The “Korean Accounting Review” shall endeavor to broaden the field of research on the theoretical and practical aspects of accounting such as contribution to accounting theory, improvement of accounting policy and practice, and advances in accounting education.
(3) The “Korean Accounting Review” recognizes novel questions in the theory and practice of accounting and contributes to academics by suggesting possible solutions or providing grounds for new discussions.

Article 4 (Duties)

(1) The “Korean Accounting Review” Editorial Board shall be established to facilitate the work related to editing and publication of the “Korean Accounting Review”.
(2) The Editorial Board of the “Korean Accounting Review” performs the review process of the manuscripts submitted to the “Korean Accounting Review” and determines which of the manuscripts submitted to the journal should be published, based on the results of the review process. The Editorial Board is solely and independently responsible for the following related to the editing and publication of the “Korean Accounting Review”:
- 1. Editorial Policy of the “Korean Accounting Review”
- 2. Submission Regulations on the “Korean Accounting Review”
- 3. Request for review of research paper to be published in the “Korean Accounting Review” and the decision to publish
- 4. Adjustment of Publication Order
- 5. Other matters related to the publication of the “Korean Accounting Review”

Article 5 (Composition of Editorial Board)

(1) The Editorial Board shall consist of no more than 20 members including the Editor-in-Chief.

Article 6 (Editor-in-Chief Selection Committee)

(1) The Editor-in-Chief Selection Committee shall consist of the President of the Korean Accounting Association, the President-Elect of the Korean Accounting Association, and the Editor-in-Chief of the Korean Accounting Review Committee, and shall be chaired by the President-Elect of the Korean Accounting Association.
(2) One month prior to the beginning of the Editor-in-Chief's term, the Chair of the Editor-in-Chief Selection Committee shall collect the opinions from the Committee and elect the next Editor-in-Chief.

Article 7 (Qualification of Editor-in-Chief)

(1) The Editor-in-Chief shall be appointed by the President of the Korean Accounting Association with the recommendation of the Editor-in-Chief Selection Committee among those who have both knowledge and virtue and who meet all of the following requirements based on the date of selection. However, if it is deemed necessary by the President of the Korean Accounting Association, three people may be appointed as Editor-in-Chief (co-chairmen).
- 1.Should hold a doctoral degree and have at least five years of work experience in University.
- 2.Should have been registered as a member of the Korean Accounting Association for at least five years.
- 3.Should have at least ten research papers (including research papers with co-authors) within the most recent ten years in Accredited Journals listed by the National Research Foundation of Korea. Research papers with co-authors are also counted as one publication, and the conversion rate of the papers published in international journals is determined by the President.

Article 8 (Composition of the Editorial Board)

(1) The Editorial Board member shall be a member of the Korean Accounting Association and meet the following requirements on the date of commencement of the term of office.
- 1.Should hold a doctoral degree and have at least four years of work experience in University.
- 2.Should have at least five research papers (including research papers with co-authors) within the most recent five years in Accredited Journals listed by the National Research Foundation of Korea. The conversion rate of the papers published in international journals is determined by the President.
(2) To maintain a balanced, neutral view on accounting, the Editorial Board shall consist of members from each area of accounting: financial accounting, managerial accounting, auditing, tax accounting, and accounting information system, etc.
(3) The Editorial Board should consist of members from at least five regions out of the following ten regions, which are: Seoul, Gyeonggi / Incheon, Gangwon, Chungcheong / Daejeon, Busan / Ulsan / Gyeongnam, Daegu / Gyeongbuk, Jeolla / Gwangju, Jeju, U.S., and non-U.S. foreign regions. At least one Editorial Board member should be elected from the U.S. or non-US foreign regions.
(4) The Editor-in-Chief shall select one of the Editorial Board members as the editorial secretary. If necessary, the Editor-in-Chief may select up to two members as editorial secretaries.
(5) The Editor-in-Chief shall obtain approval for the selection of the Editorial Board in writing to the President of the Korean Accounting Association within seven days of the commencement of the term of office.

Article 9 (Roles and Responsibilities of the Editorial Board)

(1) The Editorial Board should prepare and manage strict and fair screening criteria and procedures for the overall process of reviewing submitted manuscripts and determining which of those to publish.
(2) The Editor-in-Chief oversees the Editorial Board and the editorial secretary assists the Editor-in-Chief and performs duties related to the management of the Editorial Board.
(3) The Editorial Board should protect the confidentiality of all material submitted to the journal and all matters related to the author(s) until the publication of the submitted manuscript is confirmed.
(4) The Editorial Board should establish a procedure to follow-up on any report on breach of research ethics and ensure that the procedure is carried out.
(5) The Editorial Board should require the author(s) to provide explanations for any suspected misconduct on research ethics.
(6) The Editor-in-Chief and the Editorial Board member(s) shall comply with the Research Ethics Guidelines of the “Korean Accounting Review.”

Article 10 (Fairness of Evaluation Process)

To ensure the fairness of evaluation, the Editorial Board shall abide by the following:

(1) Referees who are considered to have conflicts of interest with the manuscript under review should not be selected.
(2) If there is an irreconcilable disagreement among the referees or between the author(s) and the referee(s), the Editorial Board composed of three or more members shall decide whether to publish or re-examine the submitted manuscript.
(3) The examination must be done within the prescribed time. However, if the period has elapsed due to unavoidable reasons, the Editorial Board should set the regulations in separate bylaws.
(4) The Editor-in-Chief cannot submit his or her paper to the “Korean Accounting Review” during his term. When the Editor-in-Chief-Elect takes over, the submitted papers of the new Editor-in-Chief may be reviewed by the former Editor-in-Chief.
(5) The Editorial Board should prevent sponsors or publishing organizations from exerting unfair influence on whether or not a paper is published. Also, the Board should provide the necessary information for the readers to understand the role and nature of the sponsoring or publishing organization.
(6) The Editorial Board should separate any activities related to sales and other operations of the journal from the editorial and review process.

Article 11 (Term)

The Editor-in-Chief and the Editorial Board members should each serve for three years in a single term and may serve consecutive terms. However, if the Editor-in-Chief Selection Committee deems it necessary, the term of the Editor-in-Chief may be shortened within the three years.

Article 12 (Operation)

① The Editor-in-Chief shall convene an Editorial Board meeting at least once every six months.

② The Editorial Board will finalize the decision-making processes for research papers to be published in the “Korean Accounting Review.” The “Korean Accounting Review” is published six times a year (on the last day of February, April, June, August, October, December).

Article 13 (Resolution)

A decision on any motion or resolution at an Editorial Board meeting is made by a majority vote and attendance by the majority of the Board.

Article 14 (Budget)

The expenses for the editorial work should be financially supported by the Korean Accounting Association.

Article 15 (Amendments)

Any policies in this regulation can be amended by decisions made by the Board of Directors of the Korean Accounting Association.

Chapter 3 Submission

Article 16 (Qualifications for Publication and Application for Publication)

(1) Anyone who can contribute to the “Korean Accounting Review” should, in principle, be a member of the “Korean Accounting Review.” However, an exception is made when the submitter of the manuscript has a co-author who is a member of the “Korean Accounting Review” or is an invited applicant.
(2) The manuscript submitted for publication should not have been previously published in other journals. The authors of the manuscript are responsible for acts of re-submitting or publishing the same or almost the same academic work to two or more academic journals. Publications refer to records on paper or electronic media that have the author(s), publisher, publication date, and international standard book number (e.g., ISBN, ISSN) in a visual or audio form.
(3) For the paper to be published, the citation of other research should be accurate and a similarity evaluation should be submitted along with the manuscript.
(4) A manuscript that analyzes a foreign accounting system or accounting related topics using foreign data can also be submitted if it is determined that it can contribute to Korea's accounting system and accounting research.
(5) It is possible to submit papers presented in academic conferences, dissertations, and research reports that are not open to the public, but such facts should be written in the article. In the case of a dissertation, the list of referees and their affiliation should be turned in at the time of submission.
(6) The author is responsible for the contents of the submitted papers, and if the third-party is entrusted with a part of the work such as data collection and analysis, the author is also ultimately responsible for it.

Article 17 (Indication of Author)

(1) For a paper to be published in the “Korean Accounting Review”, the name, affiliation, position, and contact information of all authors should be stated.
(2) The first author has the responsibility for the data used in research and the listing of authors and is also responsible for the research work of co-authors. When the authors are requested to provide proof of their contribution, they should follow the request.
(3) The corresponding author should be the one who can take responsibility for the research results and provide proof for the work.
(4) If the author of a research paper to be published in the “Korean Accounting Review” is a minor, the name of that author, the affiliation, title and contacts at the time of the publication should be specified in the published paper, and a proof of enrollment should be separately submitted to the Editorial Board.
(5) The Editorial Board shall provide the author information of the thesis published in the “Korean Accounting Review” when there is a request for data from the Minister of Education or the head of a professional organization.

Article 18 (Pledge of Ethics Regulation)

The author should be familiar with the research ethics regulations prescribed by the Korean Accounting Association before conducting research and submitting research papers. The following should be written on the submission form as a pledge to have adhered to the research ethics regulations: “This manuscript has not been published previously and is not under consideration by another publisher or journal, and the study in this manuscript has been conducted in accordance with the Ethical Guidelines set forth by the Korean Accounting Association.”

Article 19 (Paper Publication Application and Submission Fee)

(1) A person who intends to apply for publication in the “Korean Accounting Review” shall submit the article, in the form of a word file and in accordance with the thesis writing guidelines prescribed in this regulation, to the “Korean Accounting Review” website along with the publication application.
(2) The publication application form of the “Korean Accounting Review” should be determined by the Editorial Committee.
(3) There is a submission fee of US$100

Article 20 (Distribution and Publication Fee)

(1) If the publication on the “Korean Accounting Review” is confirmed after the review process, the article in a word file form should be submitted to the Editor-in-Chief according to the publishing guidelines.
(2) The publication fee is US$200 (200,000 KRW) and must be paid upon submission of the final paper. However, if the number of pages of the paper exceeds 20 pages, an additional US$10 (10,000 KRW) must be paid for each additional page.
(3) The editorial committee should decide on the payment methods of the publication fee.

Article 21 (Non-Return Policy of Paper and Non-Refund Policy of Publication Fee)

(1) Manuscripts submitted for publication in Korean Accounting Research shall not be returned.
(2) After the publication is confirmed, the publication fees already paid are not refunded.

Chapter 4 Review

Article 22 (Manuscripts Subject to Review)

Only manuscripts submitted in accordance with this regulation should be reviewed for publication. The Editor-in-Chief may request a supplement to the applicant for manuscripts that do not comply with the regulation.

Article 23 (Request for Review and Compensation for Reviewer)

The Editor-in-Chief of the “Korean Accounting Review” (hereafter referred to as the Editor-in-Chief) shall review the submitted manuscripts according to the following procedure.

(1) Upon the receipt of the submitted manuscript, the Editor-in-Chief shall immediately discuss with the members of the “Korean Accounting Review” (hereafter referred to as the Editorial Board members) and select the three most adequate referees. Editors shall select reviewers who have expertise in the relevant field and can review objectively.
(2) A double-blinded review is conducted to ensure the anonymity so that the referee and the submitter did not know each other. The Editor-in-Chief requests the manuscript review using the online manuscript submission system.
(3) The Editor-in-Chief should request the review of the manuscript after deleting the author's name on each manuscript submitted to each referee using the online manuscript submission system.
(4) The Editor-in-Chief should pay a review fee of 50,000 KRW to each referee. If the review is completed within three weeks from the date of the initial review request, the Editor-in-Chief should pay a review fee of 100,000 KRW.

Article 24 (Selection of Referees)

(1) In principle, the appointed referee should have expertise in the submitted manuscript among those who meet the qualifications listed below. In this case, those who are not members of the Korean Accounting Association may also be appointed as referees.
- 1.Has published at least one paper in the relevant field in the Accredited (and Candidates for Accredited) Journals listed by the National Research Foundation of Korea within the most recent three (3)years.
- 2.Has published at least one paper in his/her major field in a renowned international journal within the most recent three years.
- 3.Has been an editor of a renowned international journal within the most recent three years or currently is an editor of a renowned international journal.
(2) A referee considered to have a conflict of interest with the manuscript under review (due to relations with the author such as an academic advisor or his/her manuscript currently under review) should not be appointed.
(3) The Editor-in-Chief should evaluate the adequacy of review, the extent of rejection opinion, and compliance with the review deadline for each referee and reflect the results in the selection of referees in the following year.

Article 25 (Review Deadline)

The Editor-in-Chief should designate the review deadline in the review request statement so that the review will be completed within four weeks from the day of reception of the manuscript. The Editor-in-Chief can select an alternative referee when a delay is anticipated.

Article 26 (Obligations for Referees)

(1) If the referees are able to recognize the identity of the applicant directly or indirectly and decide that the evaluation cannot be fairly made, they should voluntarily decline to be appointed as referees.
(2) If the referees cannot meet the deadline due to unavoidable circumstances such as overseas business trips, they shall immediately notify the Editor-in-Chief of the situation and return the paper requested for review.
(3) The referees should not eliminate the manuscript due to personal academic viewpoints or interpretations without providing sufficient evidence.
(4) The referees should follow the review method and deadline determined by the editors and should notify the Editor-in-Chief if it is difficult to comply with.
(5) The referees should fully respect the applicant’s dignity and scholarly conscience, and the opinions of the referees should be based on sufficient evidence, and should not include expressions that insult or demean the applicant’s dignity.
(6) The referees should not disclose the information obtained during the review process to the public, nor should they use the content of the manuscript obtained during the review process for the referee’s research.
(7) The referees should not show or discuss the original text of the submitted manuscript to others. The referees should conduct the evaluation independently.
(8) The referees must comply with the Research Ethics Guidelines.

Article 27 (Criteria for Review)

The referees should consider the following requirements.

1. Importance of research topic (theoretical, practical and educational contributions)
2. Creativity of the content
3. Feasibility of the research method
4. Effective communication of contents
5. The degree to which technical editorial requirements are met

Article 28 (Review Opinion)

(1) The referee who has been requested to review a manuscript by the Editor-in-Chief should complete the review within three weeks (two weeks in case of a multiple-round review) of the date of request and prepare a review report and send it to the Editor-in-Chief.
(2) If the referees cannot meet the deadline due to unavoidable circumstances such as overseas business trips, they shall immediately notify the Editor-in-Chief of the situation and return the paper requested for review.
(3) The review report includes the management number, the title of the paper, item evaluation (the contribution of the research topic, the originality of the research content, the validity of the research method, the effective delivery of the content, the composition of the paper, and others), overall evaluation (Accept without Modification, Accept with Minor Modification, Revise&Resubmit, Reject), items for correction and modification, or reason for rejection. The format of the review report should be determined by the Editorial Board.
(4) Evaluation of the review report results in one of the following review opinions.
- 1. Accept without Modification: The manuscript is qualified to be published in the “Korean Accounting Review” after a partial modification such as a format revision, for example, correction of vowels, or other minor revisions. In this case, the contents of the revision can be confirmed for publication by the Editor-in-Chief without notification to the referees.
- 2. Accept with Minor Modification: After minor changes are made, the manuscript is qualified to be published in the “Korean Accounting Review”. In this case, the referees will be notified of the revision to confirm that the revision has been made properly.
- 3. Revise&Resubmit: The manuscript should be significantly revised and improved, or the authors should provide supplementary research material to be qualified to be published in the “Korean Accounting Review”. In this case, the referees will be notified of the revision to confirm that the revision has been made properly.
- 4. Reject: The manuscript is deemed inappropriate to be published in the “Korean Accounting Review”. In this case, the referees must provide sufficient evidence so that the applicant can understand the reasons for the rejection.

Article 29 (Notification of Review Result)

(1) The Editor-in-Chief should notify the applicant of the results after the initial evaluation or re-evaluation and may request revision or modification of the manuscript depending on the review results report. In addition, the Editorial Board should notify the applicant and referees of the results when the final decision on the publication of the manuscript (acceptance, rejection or abandonment by author) is made.
(2) The Editor-in-Chief should set the deadline for the completion of the review within four weeks from the date of submission of the manuscript and include it in the request for review. The Editor-in-Chief can select an alternative reviewer when a delay is anticipated.
(3) If the applicant receives a request for revision of the manuscript from the Editor-in-Chief, the applicant should revise the manuscript within six months and submit the revised manuscript file along with the explanation for the revision unless there is a particular exception. If the applicant does not submit the revised manuscript within six months without notifying the reason for the delay, the manuscript is automatically rejected.

Article 30 (Request for Amendment and Submission of Amendment)

The Editor-in-Chief should ask the author(s) of the manuscript to submit the revised manuscript within six months for the next round of review, except in the case of rejection as provided in Article 28 (Review Opinion). However, if the author who receives the request for revision does not resubmit a revised manuscript within six months from the date of the request for revision, the article will automatically be regarded as “rejection” of Article 28 (Review Opinion).

Article 31 (Re-evaluation)

(1) The referee will revise the manuscript submitted by the applicant.
(2) The referee who gave an opinion of “Accept without Modification” will not participate in the subsequent round of review.
(3) Re-evaluation is continued until the referee gives the opinion of “Accept without Modification” or “Reject”, but the total number of evaluations should not exceed four rounds.

Article 32 (Final Decision)

The Editorial Board finally decides whether or not to publish the manuscript based on the referees’ review results, based on <Table> “Korean Accounting Review” Review Results Processing Guidelines. However, if the contents of the review submitted by the referees are judged to be markedly poor or lacking valid evidence, and if such review gave rejections that are judged to affect the evaluation, the Editorial Board can make the final decision considering the value and contribution of the submitted manuscript.

Article 33 (Resubmission)

(1) Authors may revise the paper and resubmit it when the rejection is confirmed.
(2) In the case of re-submission, the author shall specify that the paper is re-submitted.
(3) The review process of re-submissions should abide by the policies set forth for the review process of newly submitted manuscripts.

Chapter 5 Publication

Article 34 (Subject of Publication)

(1) Only articles confirmed by the Editorial Board should be published in the Korean Accounting Review.
(2) Articles that have been confirmed for publication will be published in the issue that is closest to the date of the notification of the acceptance decision.

Article 35 (Order of Publication Date)

The Editorial Board shall decide the order of publication dates for papers accepted in the “Korean Accounting Review” taking into consideration the order in which reviews are completed and the composition of the articles for each field in accounting.

Article 36 (Recording The Issue Number and Date of Publication)

In the “Korean Accounting Review”, the issue number and issue date shall be stated.

Article 37 (Recording the Date of Manuscript Submission and Acceptance Notification)

For articles published in the “Korean Accounting Review”, the date of submission and the date of acceptance decision are to be specified.

Article 38 (Sponsors)

If there is an institution that has provided financial support for the publication of the “Korean Accounting Review”, it should be specified.

Article 39 (Editorial Board Members and Referees)

The names and affiliations of Editorial Board members and referees of the “Korean Accounting Review” may be specified collectively without corresponding them to each paper.

Article 40 (Distribution of the “Korean Accounting Review”)

(1) The journal articles of the “Korean Accounting Review” may be distributed to the author(s) of the manuscript.
(2) Upon approval from the Board of Directors, journal articles of the “Korean Accounting Review” may be distributed to members of the Korean Accounting Association, specific organizations, or individuals.

Article 41 (Responsibility for Contents of the Paper)

The author is responsible for the content of the journal article.

Article 42 (Publication Rights, Copy Distribution Rights)

(1) The copyright of the papers is to be owned by the Korean Accounting Association unless otherwise stated.
(2) If the author does not agree to delegate the copy distribution right to the Korean Accounting Association, he/she cannot submit a manuscript for publication in the “Korean Accounting Review.”

Article 43 (Time of Issuance)

The “Korean Accounting Review” is issued six times a year (the end of February, April, June, August, October, December), and the Editorial Board may publish special issues.

Article 44 (Electronic Publishing of Accepted Papers on the Website)

The “Korean Accounting Review” electronically publishes the accepted papers on the Korean Accounting Association website.

Article 45 (Certificate of Prospective Publication)

The Editor-in-Chief may issue a certificate of the expected publication of a manuscript for which the publication has been confirmed.

Chapter 6 Others

Article 46 (Journal Management)

The following measures should be taken in accordance with the Guidelines set forth by the National Research Foundation of Korea (hereafter referred to as NRF).

(1) The Editor-in-Chief should ensure that the “Korean Accounting Review” complies with the Guidelines of the NRF.
(2) The Editor-in-Chief should ensure that the NRF and members receive the journal immediately after publication.

Article 47 (Financial Management)

The submission, publication, and review fees of the “Korean Accounting Review” should be managed by the Editor-in-Chief and reported to the President.

Article 48 (Management Ledger)

The Editor-in-Chief should prepare and maintain a managerial book on the “Korean Accounting Review”, which records the submission of manuscripts, request for review, review report, notification of review results, submission fee, publication fee, and review fee.

<Table> “Korean Accounting Review” Review Results Processing Guidelines

Review Results Processing Guidelines
Reviewer A	Reviewer B	Reviewer C	Results	Decision
Accept	Accept	Accept	Accept, Accept, Another opinion	Accept
Accept	Accept	Minor revision
Accept	Accept	Major revision
Accept	Accept	Reject
Minor revision	Minor revision	Accept	Minor revision, Minor revision, Another opinion	Minor revision
Minor revision	Minor revision	Minor revision
Minor revision	Minor revision	Major revision
Minor revision	Minor revision	Reject
Major revision	Major revision	Accept	Major revision, Major revision, Another opinion	Major revision
Major revision	Major revision	Minor revision
Major revision	Major revision	Major revision
Major revision	Major revision	Reject
Reject	Reject	Accept	Reject, Reject, Another opinion	Reject
Reject	Reject	Minor revision
Reject	Reject	Major revision
Reject	Reject	Reject
Accept	Minor revision	Major revision	Mixed	Minor revision
Accept	Minor revision	Reject		Minor revision
Accept	Major revision	Reject		Major revision
Minor revision	Major revision	Reject		Major revision