The socio-economic impact on accounting and auditing in China

Accounting and auditing in China received considerable attention in the past few years as business flock to this nation with the opening up of its economy. Products of heavy Soviet influence and a centrally planned economy, both disciplines were ill-suited to fit this new socio-economic setting and...

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Bibliographic Details
Main Authors: Ho, Joanna Gay Min, Loi, Sao-Hseong, Ngo, Tong Yong
Other Authors: Nanyang Business School
Format: Final Year Project
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/10356/58335
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Institution: Nanyang Technological University
Language: English
Description
Summary:Accounting and auditing in China received considerable attention in the past few years as business flock to this nation with the opening up of its economy. Products of heavy Soviet influence and a centrally planned economy, both disciplines were ill-suited to fit this new socio-economic setting and have undergone notable changes since 1979. Numerous regulations promulgated have attempted to upgrade the align local Chinese practices to international standards, at the same time incorporating unique characteristics of the Chinese environment.