Title

The convergence of international financial reporting standards in China: A view on the influence of political ideology on Chinese accounting profession

RIS ID

29289

Publication Details

Zhang, Y., Andrew, J. & Collier, H. W. (2009). The convergence of international financial reporting standards in China: A view on the influence of political ideology on Chinese accounting profession. In P. K. Basu & Y. M.W.Y. Bandara (Eds.), WTO accession and socio-economic development in China (pp. 135-149). Oxford: Chandos publishing.

Abstract

Despite the debates over the merits and feasibilities of global accounting standards in many years, the spread of multinational operations and the flourish of global capital markets have summoned more and more nations to either adopt International Financial Reporting Stmdards (!FRS), or to base their local stmdards on !FRS. China, as the world's fonrtb-biggest economy, has turned ally since the MinistIy of Finance (MOF) of China released the new Chinese Accounting Stmdards (CAS) in February 2006, which have become mandatory for all1isted companies after January 1, 2007. The new CAS substantially changes the nation's old accounting system and covers nearly all topics under the current IFRS literature (pricewaterhouse Coopers 2006).

Link to publisher version (URL)

Chandos Publishing

Please refer to publisher version or contact your library.

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