With the support and promotion of many international organizations, and quick development of accounting standards globalization, the high quality global accounting standards led by IASB are striding towards us at an a...With the support and promotion of many international organizations, and quick development of accounting standards globalization, the high quality global accounting standards led by IASB are striding towards us at an astonishing speed. After continuous reform, China has made remarkable performance towards accounting standards globalization. From the analysis of the past six years （1999-2004）, the authors find out that although there are systematic differences between PRC GAAP and IAS/IFRS and the differences have significant impact on financial disclosures of Chinese listed companies, the influences have weakened. This means that the differences between PRC GAAP and IAS/IFRS have narrowed and that PRC GAAP is converging towards IAS/IFRS.展开更多
基金This paper is supported by China Postdoctoral Science Foundation and Social Science Research Foundation of the Ministry of Education P.R. China （No,02JAZD790007）.
文摘With the support and promotion of many international organizations, and quick development of accounting standards globalization, the high quality global accounting standards led by IASB are striding towards us at an astonishing speed. After continuous reform, China has made remarkable performance towards accounting standards globalization. From the analysis of the past six years （1999-2004）, the authors find out that although there are systematic differences between PRC GAAP and IAS/IFRS and the differences have significant impact on financial disclosures of Chinese listed companies, the influences have weakened. This means that the differences between PRC GAAP and IAS/IFRS have narrowed and that PRC GAAP is converging towards IAS/IFRS.
