Title: China - Report on the Observance of Standards and Codes (ROSC) : accounting and auditing
Abstract: This assessment of accounting and auditing (AA on the way these rules and standards are put in practice and complied with; and on the mechanisms, systems, and structures to monitor and enforce compliance with public interest in mind. The focus of this report is on the strengths and weaknesses of the accounting and auditing environment that influence the quality of corporate financial reporting and involves a review of both mandatory requirements and actual practice. It uses International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks and draws on international experience and good practice in the field of accounting and audit regulation. However, given the impressive achievements of China in this area, this report also describes in summary steps and processes that made such achievements possible with the hope that the lessons from China can serve others.
Publication Year: 2009
Publication Date: 2009-10-01
Language: en
Type: article
Access and Citation
Cited By Count: 7
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