Corporate governance and the harmonisation of Chinese accounting practices with IFRS practices

Jinghan Chen; Peng Cheng

doi:10.1111/j.1467-8683.2007.00560.x

Corporate governance and the harmonisation of Chinese accounting practices with IFRS practices

Jinghan Chen^*, Peng Cheng

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

24 Citations (Scopus)

Abstract

China has reformed its enforcement mechanisms of accounting practices, in particular, corporate governance, in order to facilitate the harmonisation of Chinese accounting practices with IFRS practices. However, this research reveals that the reformed corporate governance has not made a significant contribution towards this harmonisation. The move of Chinese accounting practices towards IFRS practices is mainly due to the CSRC's 2001 compulsory harmonisation policy of eliminating the earnings gap. Corporate governance as an important enforcement mechanism for accounting standards has yet to be effective.

Original language	English
Pages (from-to)	284-293
Number of pages	10
Journal	Corporate Governance: An International Review
Volume	15
Issue number	2
DOIs	https://doi.org/10.1111/j.1467-8683.2007.00560.x
Publication status	Published - Mar 2007
Externally published	Yes

Keywords

Chinese GAAP
Corporate governance
Enforcement
Harmonisation

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10.1111/j.1467-8683.2007.00560.x

Cite this

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Corporate governance and the harmonisation of Chinese accounting practices with IFRS practices

Abstract

Keywords

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