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China Accounting Services
China Knowledge Press, Nov 2003, Pages: 150
The accounting services sector has grown by leaps and bounds in the period since economic liberalization began in earnest. As China moved toward a market economy, it had to reinvent this key sector after long neglect.
In fact, under the command economy, accounting and auditing was mainly limited to working on SOEs or public sector budgeting. There is a need now to change the mentality to fit the rapidly-growing new economy, and to train new staff to fill the gaps as privatization takes place and private sector companies move to the forefront as employers and centers of growth and change.
This report concentrates on the recent development of this very large market, and contains chapters on the institutional and legal framework, new rules and regulations, and the changes and outlook following China's accession to WTO.
The report concludes by discussing reforms and considerations on the future of the accounting services market. Appendices contain copious supplementary material including definitions, updated laws and rules, a business directory, and lists of CPA firms.
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