Going west in China

Date
2011
Authors
Hooper, KC
Huang, HJ
Supervisor
Item type
Journal Article
Degree name
Journal Title
Journal ISSN
Volume Title
Publisher
New Zealand Institute of Chartered Accountants
Abstract

Chinese accountants are increasingly interested in joining a Western professional body in addition to belonging to the domestic Chinese government-controlled profession. Western-style accounting procedures are increasingly being adopted in China, reflecting China’s desire to converge with International Financial Reporting Standards (IFRS) and the establishment of the big accounting firms in China. China is aware that, in the face of the globalisation of the accounting profession, it needs to be more than a domestic body isolated by its own accounting standards. The 30 guiding opinions issued by the Chinese Institute of Certified Public Accountants (CICPA) in 2005 aim at cultivating globally recognised accountants and improving the service quality and standards of the large Chinese public accounting firms so that they can expand and compete globally (CICPA, 2005).

Description
Keywords
Source
The Chartered Accountant Journal, vol.90(3), pp.30 - 31
DOI
Rights statement
Copyright © 2011 New Zealand Institute of Chartered Accountants. All rights reserved. Member of the GAA. Authors retain the right to place his/her publication version of the work on a personal website or institutional repository for non commercial purposes. The definitive version was published in (see Citation).