Download or read book How China Has Built an Accounting and Auditing Profession with Potential Global Impact written by Shuwen Deng and published by . This book was released on 2018 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the auditing profession in the USA and UK has developed 'from the bottom up' over more than a century and a half, the Chinese profession has effectively been created 'from the top down' in just over 20 years. Based mainly on information obtained from interviews we have conducted in mainland China, in Hong Kong and in London--complementing published histories--we explore the major stages in this achievement and how far the growing reputation of China's audit firms may now be expected to give them a global ranking, in the context of the continuing rapid growth of China's economy and its stock markets, and the overseas expansion of its manufacturing and increasingly service-oriented base. We thereby contribute a range of experts' views on the successes of the Chinese professional project and the challenges it faces for the future, as a complement to the literature on 'Anglo-American' international professional service firms.
Download or read book Accounting with Heart written by Wang Jun and published by John Wiley & Sons. This book was released on 2012-11-28 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Western world, examination of business and finance can often be a dry enterprise. Wang Jun shows, through this extraordinary collection of writings, both the breadth of his world view and the connections which surely exist between the finance, the arts, philosophy and culture. His is a singular voice, which takes the reader beyond the normal realm of finance discourse. —Helen Brand, Chief Executive, ACCA If China, rapidly becoming one of the world's leading economies, is now equipped with the accounting tools and skills to take its rightful place on the global business stage, it is largely a tribute to the vision and leadership of my colleague Wang Jun. I am delighted that the publication of this book will enable an international audience to hear him speak for himself. —Sir David Tweedie, Chairman, International Accounting Standards Board (IASB) This insider's look at the inner workings of China comes from an author who has seen the growth of the modern accounting profession from the start to the present day, as his country prepares for the age of global accounting and auditing standards. Wang Jun's stories of the growth of accountancy in China—and its importance to the expansion of his country's economy—are first and foremost about the cultivation of talent, but also about the importance of accounting standards, ethics and knowledge structures. At an historic juncture during which China "takes a greater leap, exerts a greater influence and pursues excellence," as Mr. Wang puts it, it is good to see that it expects professionals who are well above the ordinary. —Robert L. Bunting, President, International Federation of Accountants (IFAC) This book is a remarkable testimony to how China elaborated its voluntary policy toward adopting International Financial Reporting Standards. Education and ethics are central in Mr. Wang's erudite addresses, in which he develops a philosophical dissertation based on the lessons of the past and dedicated to promoting the personal and professional values necessary in the pursuit of excellence in a global environment. —Hans van Damme, President of the Federation of European Accountants (FEE) Accounting with Heart energizes, encourages and guides readers to mobilize their passion for learning and the pursuit of excellence; to develop their abilities, management skills, and professional and ethical standards to meet the challenges of globalization; and to take the accountancy profession to new heights. Wang Jun has poured his vast experience into this book which will enrich readers in their striving to become outstanding professionals. —Kamlesh Vikamsey, Former President, Confederation of Asian & Pacific Accountants Accounting with Heart reflects Wang Jun's vision for the development of the accountancy profession in China, a goal in which he has invested significant effort. Just as China is a global market, it is fitting that Chinese accountants play an increasingly important role in the international arena. We welcome that progress and recognize it as an important step for the accountancy profession. —Tim Flynn, Chairman, KPMG China's role in international finance and business, the subtitle of Vice Minister Wang Jun's insightful new book, is one of the big stories of the twenty-first century. To really understand what's happening in China, one must appreciate the way of thinking of Chinese senior officials, and that's the deep value of Accounting with Heart. Emerging from the core of China's monumental transformation, this is a masterful work of personal journey and wise reflection. Anyone dealing with China will profit from its timeless principles and subtle force. —Robert Lawrence Kuhn, Author, How China's Leaders Think Wang Jun brings his enormous experience and understanding of China to his book Accounting with Heart. He has a unique perspective of the development of the economy in China and the role that the accounting profession plays in his country. His commitment to transparency, global standards and integrity are clear in this collection of essays by one of the leading minds in China and across the world. More importantly, Wang Jun's essays outline a roadmap for the development of accounting thought leaders within China while building the framework for educating the next generation of the thousands of professionals within China. It is a must-read for those doing business in all emerging markets. —Sam DiPiazza Jr., CEO, PwC Limited
Download or read book The Big Four and the Development of the Accounting Profession in China written by Paul Gillis and published by Emerald Group Publishing. This book was released on 2014-02-21 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a history of the domination of the Big Four in the Chinese accounting industry, explaining why China was unable to keep the market for its own accounting firms. The book details how easy access to U.S. capital markets led to major accounting scandals, and a clash between U.S. and Chinese regulators.
Download or read book Perspectives from Mainland China Hong Kong and the UK on the Potential Future Roles of China s Auditing Firms in the Global Profession written by Shuwen Deng and published by . This book was released on 2018 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some have predicted that the next 'Big N' international firm could be a Chinese CPA firm. Our primary research motivation has been to explore how far this view is shared and whether it is realistic to suppose that one or more Chinese firms, however large they may grow domestically, or even as 'multinationals' serving Chinese clients as they invest overseas, could now aim to occupy a position internationally alongside the current Big 4. 'International' means being accepted as the auditor of Chinese companies that obtain overseas listings and, at its fullest, also attracting overseas listed companies as clients either in China itself or by opening offices worldwide. We thereby also open up questions about how the 'linked ecologies' of international auditing firms and their roles and regulation (alongside other international professional service firms) may consequently be changed globally.During the last 35 years or so the Chinese economy has been transformed from wholly state-planned to becoming today's 'socialist market economy with Chinese characteristics' (its unique combination of market autonomy and techno-scientific administrative regulation under the Communist Party's overall direction), and it is already the second largest economy worldwide. We explore the changing relationships between the international firms, as they have themselves developed a changing identity, and the Chinese government's initiatives to create, develop and regulate an indigenous profession of accountants holding the CICPA qualification, in the context of the translation into China of international accounting and auditing standards and the continuing rapid growth in China's own stock-markets and in its international trade and investment. We have gained access to interview senior representatives of audit firms, regulatory bodies, universities and other organizations in mainland China, Hong Kong and the UK, to explore a range of informed views about the potential of the Chinese audit firms in the '2nd-tier' international networks and among the larger 'stand-alone' firms to effectively rival the 'Big 4' in international reputation for quality; and about the hurdles they still face in overcoming that barrier. Our analysis problematizes the prevailing rhetorical stereotypes of 'foreign' Big 4 versus 'indigenous' firms. We thereby contribute new voices and alternative perspectives to the emerging literature on the globalization of large professional services firms.
Download or read book Perspectives on Accounting and Finance in China RLE Accounting written by John Blake and published by Routledge. This book was released on 2013-12-04 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rush of entrepreneurial activity in China has been watched with interest by the financial world. This book, the result of an international symposium on Chinese accounting and financial management, assesses the little-known accounting scene in China which up until 1978 remained behind closed doors. Divided into four sections, the volume covers: Chinese perspectives on accounting the business and financial structure of China, including the re-emergence of a Chinese stock market the regulatory framework of accounting in China and comparisons with international accounting standards; the impact of current reforms in Chinese accounting practice the emergence of a new accounting profession in China. The concluding chapter provides an overview of the cultural context of the reforms which took place in the 1990s. By using comparisons with other Asian countries’ accounting systems, like Taiwan, the contributors to the volume give an analysis of the state of accountancy in China during the 1990s.
Download or read book Auditing and Society written by Wally Smieliauskas and published by Routledge. This book was released on 2020-07-30 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Auditing has become an essential component in market societies and the need for auditing skills has risen in line with globalization. This textbook provides a comprehensive overview of the role of financial statement auditing in contemporary society, including the auditor’s role in evaluating the financial reporting of an auditee—a topic of central concern in the recent comprehensive review of the auditing profession in the Brydon Report (2019). The experienced authors provide insight into auditing research to help readers understand its function, regulation, and role in theory and practice. With focus on private sector financial statement auditing and its regulation, the book includes perspectives on social theory, history, and the importance of professional standards. The thought-provoking final chapter challenges students to consider the effectiveness of auditing in evaluating increasingly risky and complex accounting estimates involving assumptions about future events. A fundamental approach to auditing theory, this textbook will be useful reading for advanced undergraduate and postgraduate students across business and accounting fields.
Download or read book The Routledge Companion to Accounting in China written by Haiyan Zhou and published by Routledge. This book was released on 2018-10-10 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is increasing interest in accounting issues in China. Despite a relatively short history, China's stock market is the world's second largest. This growth has been accompanied by increasing demand for accounting information alongside reforms of accounting and auditing rules, as international investors have paid increasing attention to investment opportunities in this dynamic and energetic country with a large population and economic growth potentials. Despite this, at present there are few books which offer students, academics and practitioners a comprehensive guide to current accounting issues in China. The Routledge Companion to Accounting in China fills this important gap in the literature. The volume is organized in six thematic sections which cover capital market and corporate finance, financial accounting, managerial accounting, auditing, taxation and internal controls. The structure is intended to reflect the increasing diversity of contemporary accounting issues in China, including a balanced overview of current knowledge, identifying issues and discussing relevant debates. This book is a prestigious reference work which offers students, academics and practitioners an introduction to current accounting issues in the emerging market of China.
Download or read book Development of Accounting and Auditing Systems in China written by Xu-Dong Ji and published by Routledge. This book was released on 2017-10-05 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001: In 1979, China opened the door to the West and implemented a series of economic reforms that led the accounting system to depart from the Soviet model. This book investigates the development of Chinese accounting in a broad social, economic and cultural environment and analyzes the environmental influences on the development of accounting in China. Including the latest accounting systems, which have to date received little scholarly attention, this cutting-edge analysis makes a worthy addition to a growing area of research.
Download or read book Accounting and Auditing in China written by Z. Jun Lin and published by Routledge. This book was released on 2018-10-26 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this book provides an updated introduction to accounting and auditing in China, incorporating the most recent developments up to June 1997. It covers all major aspects of Chinese accounting and auditing, including accounting administrative systems, qualifications and responsibility of Chinese accountants, accounting regulations or standards setting, cost and managerial accounting, financial reporting, statutory audit and public accounting, accounting for governments and non-profit organizations, business financing and taxation systems, EDP application in accounting, accounting education and research etc. Some of the main accounting and auditing legislation and standards are complied in the Appendix. The book will be an informative reference to readers, both business executives and professionals, outside of China. It can also be used as a textbook or teaching supplement for Universities and Colleges.
Download or read book China Accounting Standards written by Lorenzo Riccardi and published by Springer. This book was released on 2015-11-09 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an exhaustive overview of China’s accounting standards and makes a clear comparison between Chinese and international accounting systems. It offers an essential guide to dealing with new accounting standards for business enterprises in China. The guide provides valuable support to accountants and professionals when comparing the new standards adopted in China with the corresponding principles under IAS/IFRS and appraising potential outcomes. The comparative approach together with comments and easy-to-use numerical examples allow readers to quickly grasp these accounting systems.
Download or read book Adoption of Anglo American models of corporate governance and financial reporting in China written by Huiying Wu and published by Emerald Group Publishing. This book was released on 2014-01-16 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph examines the adoption of Anglo-American models of corporate governance and financial reporting in China. It shows how the loose coupling between regulations and actual operations is shaped by the interplay between institutional pressures and organizations conflicts of interest and power dependence within the local context.
Download or read book Accounting and Auditing in the People s Republic of China written by University of Texas at Dallas. Center for International Accounting Development and published by . This book was released on 1987 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Reforms and the Accounting and Auditing Profession in P R China a Commparative History and Critique for Future Development written by Zhi-Yu Liu and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Diagnostic Study of Accounting and Auditing Arrangements in the People s Republic of China written by R. Narasimham and published by . This book was released on 2005 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring both current trends and projected changes, this study analyzes the accounting and auditing practices of the Republic of China, covering such issues as professional infrastructure and government budgeting. Policy recommendations for the enhancement of the country’s ever evolving economic standards are also included.
Download or read book China s Continued Reforms In A New Era Their Impact On Chinese Foreign Direct Investments And Rmb Internationalization written by Xugang Yu and published by World Scientific. This book was released on 2020-03-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the new economic and financial reforms China is adopting to advance its economy, and the policies behind the Chinese Outbound Direct Investment (ODI). It also aims to illustrate the impact of China's reforms on Chinese Outward Investments, and the Internationalization of the RMB.The book explores the new wave of reforms, especially in the financial sector, together with President Xi Jinping's vision for a shared future for mankind together with his explanation on the 'new Era'. In fact, China is entering a 'New Era' and transforming its economy into a more sophisticated one, upgrading the industrial sector and introducing specific and dedicated reforms in the SOEs (State Owned Enterprises) to render them more efficient and allow them to compete fairly at the international level.The book also focuses on RMB 'internationalization'. It also contains an addendum on trade frictions between China and the US.
Download or read book Comptabilit Et Audit en Chine written by BDO Gendrot Audit et conseil and published by . This book was released on 1995 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Perspectives on Accounting and Finance in China written by John Blake and published by . This book was released on 1995 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt:
