China is currently switching from a centrally planned economy to a partial market economy. This book aims to assist the international business community in understanding the current state of accounting and auditing in China, looking at such areas as accounting education and regulatory systems.

The book elaborates on topics covering such areas as the regulatory system of accounting, qualification requirements and responsibility of Chinese accountants, organization of accounting and auditing work, setting accounting standards or regulations, product costing and managerial accounting, securities markets and information disclosure, public accounting and accounting profession, accounting for governments and non-profit organizations, statutory auditing system, taxation and tax returns, business environment and legal framework, computerization of accounting, accounting education and accounting associations and research. Perspectives of further development of Chinese accounting and auditing in a foreseeable future are also highlighted. Although the book targets mainly business and professional readers, it can also be used as a textbook or teaching suppliment for full-time accounting education or vocational training programmes.

Overview of Chinese accounting and auditing developments: historical review
economic transition and accounting reforms
perspective of further development
organizational structure of the book. Regulation of accounting affairs: system of accounting administration
framework of accounting regulations
qualifications and obligations of accounting personnel
reform of setting accounting regulations. Accounting standards: accounting standards and accounting regulation system
development of accounting standards in China
analysis of Chinese ASBE
implications of ASBE. Securities markets and information disclosure: resurgence and expansion of securities markets in china
regulation of securities markets
requirements on prospectus and regular reports
comments on disclosure to securities markets in China. Cost accounting and managerial accounting: principles of Chinese cost accounting
practices of cost management
the rise of managerial accounting in China
practice of Chinese managerial accounting
prospect of managerial accounting in china. Auditing: overview of Chinese auditing system
regulatory environment of state audit supervision
governmental auditing
institutional internal auditing
nongovernmental (social) auditing. Public accounting and the profession: historical evolution of public accounting in China
qualifications of certified public accountants
formation and administration of CPA firms
CPA's legal obligations
Professional ethics and auditing standards
professional bodies of CPAs. Taxation and tax returns: overview of taxation system
types of taxes
tax system for business entities with foreign investments
tax registration and tax returns
preferential tax policies for regional development. Accounting for governments and nonprofit organizations: administrative structure of budgetary accounting
regulations for budgetary accounting
basic characteristics of budgetary accounting
financial reporting for government and NPOs
prospective of budgetary accounting reform. Computerization of accounting: evolution of computerization of accounting
characteristics of computerized accounting
regulation of accounting software
commercialized Chinese accounting software
education and training of accounting computerization
perspective of computerization of accounting in China. Accounting education: accounting education system
curriculum of formal accounting education
professional qualification examinations and continuing education. (Part contents).