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Insights e-Newsletter

Newsletters in the Year of the Monkey (2004)​​

Bridging the Accounting Standards Gap in China

Given the differences that exist in China between Chinese GAAP and International Accounting Standards (IAS), in order to satisfy the requirements of the Chinese authorities and the requirements of the overseas head office, foreign enterprises based here are typically required to prepare two sets of financial statements. This article will help foreign invested enterprises (FIEs) in China to understand the importance of bridging the gap between Chinese GAAP and IAS for management reporting purposes.

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