Download This PaperLegal Cases and Auditing in China
Chong, G. (2009) “Legal cases and auditing in China” in Singh, S. (ed). Handbook of Business Practices and Growth in Emerging Markets World Scientific Books: New Jersey, USA (ISBN 978-981-279-177-1), 101-116, http://www.worldscibooks.com/business/6745.html
16 Pages Posted: 24 Nov 2009 Last revised: 22 Mar 2021
Date Written: October 22, 2009
Abstract
Over the last decades, the world has witnessed the political and economic revolutions in the People's Republic of China. The administration of the country has constantly called for changes to its directions to continuously boost its economic power, business culture, and accountability. Audit is the tool to help project transparency and identify reliability in the control systems. This chapter assesses the extent of audit changes within the country based on the four audit reports issued by its National Audit Office (NAO) in 2005. The finding shows positive approaches adopted by the administration, in particular the NAO, but there are areas that need further improvements. The recommendations have implications to the policy makers, audit profession, and users of the audit reports.
Keywords: Emerging Markets, Growth, Business Practices, International Business, International Marketing, Developing Country, Transitional Economies
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