World Karate Federation (WKF) President Antonio Espinós met with treasurer Michael Dinsdale to discuss the governing body's financial position.
The WKF said the meeting took place at the governing body's headquarters in Madrid.
The meeting centered on an evaluation of the WKF's finances and accounting affairs.
Discussions took place over the governing body's financial plan and budget amid the impact of the coronavirus crisis.
Espinós said the WKF were looking to adapt to the challenges posed by coronavirus, which has led to numerous major events being postponed.
"At the WKF we follow the principles of good governance and responsibility across all areas of our operations," Espinós said.
"The current situation caused by the pandemic has altered our plans, but we are ready to move on and to adapt to the circumstances.
"Our conversations today helped us to achieve this goal and we are ready to continue going in the right direction.
"I want to express my gratitude to Michael Dinsdale for his hard work and for taking the time to visit us here today."
The coronavirus pandemic has heavily impacted the finances of International Federations (IFs).
The WKF are one of five bodies which received a donation from the International Olympic Committee (IOC) in July.
The International Federation of Sport Climbing, the International Surfing Association, the World Baseball Softball Confederation and World Skate also received a donation.
All five sports were added to the Tokyo 2020 Olympic programme without acquiring the right to participate in the eventual revenue share which will be distributed from broadcast revenues generated by the Games.
Loans were also provided to 15 of the IFs overseeing core Olympic sports.
A total of $63 million (£49 million/€54 million) was allocated to IFs as part of the IOC support package.