Harmonisation trends in chinese accounting and remaining problems

Abstract

Provides an overview of accounting reform in China since 1993, illustrates the structure of the current (juridicial‐based) accounting system and lists the accounting standards being developed. Contrasts historical Chinese accounting methods with current attempts at international harmonization and identifies some remaining peculiarities, e.g. the dominance of the state, limited application of the prudence principle etc. Criticizes the lack of coherance in accounting regulation and the failure of accounting practice to comply with accounting standards and auditing requirements.

Citation

Ding, Y. (2000), "Harmonisation trends in chinese accounting and remaining problems", Managerial Finance, Vol. 26 No. 5, pp. 31-40. https://doi.org/10.1108/03074350010766666