Open AccessThe Current Situation of International Accounting Convergence and the Strategic Choice of International Convergence of Accounting Standards for Chinese Enterprises
Author(s) -
Yan He
Publication year - 2021
Publication title -
finance and market
Language(s) - English
Resource type - Journals
ISSN - 2424-8401
DOI - 10.18686/fm.v6i1.3069
Subject(s) - accounting , convergence (economics) , national accounts , business , financial accounting , accounting standard , international standard , corporate governance , accounting information system , mark to market accounting , economics , finance , economic growth , engineering , telecommunications
With the deepening of world economic integration, IFRS has become more and more widely used worldwide. Under the new situation that the current international financial regulatory framework is being rebuilt, the international accounting landscape is undergoing major adjustments, and the international accounting standard setting agencies are actively promoting the reform of governance structure, my country needs to review the situation, follow the trend, and choose an international accounting standard that meets the needs of national conditions.