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The Certified Public Accounting Profession in China: Its Development and Impact on Financial Control of Business Operations
Author(s) -
Aiken Max,
Ji XuDong,
Lu Wei
Publication year - 1997
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.1997.tb00035.x
Subject(s) - accounting , china , certification , independence (probability theory) , control (management) , government (linguistics) , business , internationalization , accounting information system , economics , political science , management , law , international trade , linguistics , statistics , philosophy , mathematics
Accounting reforms leading towards the internationalisation of Chinese accounting practices are being accelerated by the development of the certified public accountants (CPA) system, re‐introduced in China in 1980. The impact of the Chinese CPA system on foreign CPAs attempting to enter the Chinese CPA profession points to issues of concern for Western business people as a whole. There is considerable potential for conflict between the traditional independence of the CPA profession in western countries and the Chinese acceptance of control by powerful government agencies.