EN | 中文
EN | 中文
News & Events
-
What are the auditing requirements in China?
5th November, 2014
In Western countries limited liability companies are generally subject to an annual audit carried out by independent external auditors whose role is to express an …
-
What role does the professional auditor play in national economic activities?
5th November, 2014
Only very recently has the impact of accountants or auditors on national economic activities become more apparent. By virtue of the PRC Accounting Law promulgated …
-
What is the format and content of an audit report?
5th November, 2014
The audit report normally contains an introductory paragraph, a management’s responsibility paragraph, an auditor’s responsibility paragraph and an opinion paragraph. The introductory paragraph sets out …
-
What is the Accounting Law in China?
5th November, 2014
First promulgated in 1985, the Accounting Law was revised in December 1993 and then in 1999. From July 1, 2000, the new accounting law was …
-
What are the Accounting Standards in China?
5th November, 2014
The Accounting Standards for Business Enterprises promulgated by the Ministry of Finance (MOF) on 30 November 1992 went into effect on 1 July 1993. The …
-
What is the significance of the Accounting System in China?
5th November, 2014
On the basis of the accounting standards, the MOF issued a series of industry-specific accounting systems in 1992 covering industry, commodity distribution, construction, real estate, …
-
What is the relationship between the Accounting Standards and the Accounting System?
5th November, 2014
Both the Accounting system and Accounting standards constitute an integral part of China’s unified accounting system. As administrative documents, they set out the rules for …
-
What are the basic assumptions of accounting in China?
5th November, 2014
(a) Accounting Entity An accounting entity can be an enterprise, and enterprise group or the accounting department of an enterprise. (b) Continuity Postulate …
-
What are the basic principles of accounting in China?
5th November, 2014
The general principles guiding and evaluating accounting work can be looked at as 3 sets of principles: general principles for evaluating the quality of accounting …
-
What are the regulations regarding the establishment of a Financial Accounting Department in China?
5th November, 2014
FIEs should establish a financial accounting department in the place where it is located, to be manned by qualified financial and accounting personnel responsible for …
