An Accounting Revolution is Brewing in China

Deloitte’s IAS Plus website has made available an article titled An Accounting Revolution is Brewing in China. The article is from the December 2007 issue of Financial Executive, published by Financial Executives International. It discusses the capital markets in China, the recent history of financial reporting in China, changes caused by the new Chinese Accounting Standards (CAS) that went into effect in 2007, and remaining differences between CAS and IFRS. The article is copyright and is posted with FEI’s permission.